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Financial News: South Korea Current Account Surplus Climbs To $3.60

South Korea Current Account Surplus Climbs To $3.60 Billion

04/03/2019 - 19:20:00 (RTTNews)

(RTTNews) - South Korea had a current account surplus of $3.60 billion in March, the Bank of Korea said on Thursday.

That's up from the upwardly revised $2.82 billion in February (originally $2.77 billion).

The goods account surplus narrowed to $5.48 billion, compared to its $5.57 billion figure for February 2018.

The services account deficit was $1.72 billion, less than the $2.61 billion one year before, owing to improvements in the travel and the transport accounts, the bank said.

The primary income account surplus narrowed from $1.44 billion last year to $0.36 billion in February of this year, in line with an increase in the payments of dividends.

The secondary income account saw a $0.52 billion deficit.

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