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Financial News: South Korea Has $3.86 Billion Current Account Surplus

South Korea Has $3.86 Billion Current Account Surplus In May

07/06/2022 - 19:10:00 (RTTNews)

(RTTNews) - South Korea posted a current account surplus of $3.86 billion in May, the Bank of Korea said on Thursday - following the $0.08 billion shortfall in April.

The goods account surplus decreased to $2.74 billion, compared to $6.65 billion in May 2021.

The services account recorded a $0.02 billion deficit, up from the $0.73 billion deficit seen one year earlier, owing to a large surplus in the transport account.

The primary income account surplus decreased from $5.03 billion the year previously to $1.45 billion in May 2022.

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