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Financial News: South Korea Current Account Surplus Shrinks To $1.09

South Korea Current Account Surplus Shrinks To $1.09 Billion

09/06/2022 - 19:10:00 (RTTNews)

(RTTNews) - The current account balance in South Korea came in at a $1.09 billion surplus in July, the Bank of Korea said on Wednesday - down from $5.61 billion in June.

The goods account saw a $1.18 billion deficit, down from the $5.55 billion surplus a year earlier.

The services account recorded a $0.34 billion surplus, up from the $0.28 billion deficit in 2021, owing to a large surplus in the transport account.

The primary income account surplus fell from $2.84 billion last year to $2.27 billion in July 2022.

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