Financial News: South Korea Has $0.27 Billion Current Account Surplus

South Korea Has $0.27 Billion Current Account Surplus In March

05/09/2023 - 19:20:00 (RTTNews)

(RTTNews) - South Korea posted a current account surplus of $0.27 billion in March, the Bank of Korea said on Wednesday.

That beat expectations for a deficit of $0.80 billion following the $0.52 billion shortfall in February.

The goods account saw a $1.13 billion deficit, while the services account posted a $1.90 billion deficit owing to a deficit in the travel account.

The primary income account recorded a $3.65 billion surplus due to an increase in the income on equity, and the secondary income account had a $0.35 billion deficit.

For the first quarter of 2023, the current account deficit was $4.46 billion.

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