Financial News: South Korea's Current Account Surplus Increases

South Korea's Current Account Surplus Increases

01/06/2020 - 22:40:00 (RTTNews)

(RTTNews) - South Korea's current account surplus increased in November from last year, Bank of Korea reported Tuesday.

The current account balance showed a surplus of $5.97 billion versus $7.83 billion in the previous month. The surplus increased from $5.13 billion logged in the same period of last year.

The goods account surplus narrowed to $7.39 billion from $7.50 billion in November 2018. Meanwhile, the services account deficit was $1.89 billion, down from $2.19 billion one year before, owing to an improvement in the travel account. The primary income account surplus was $0.97 billion, up from $0.34 billion a year earlier. At the same time, the secondary income account logged a deficit of $0.49 billion versus $0.52 billion last year.

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