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Korea's current account surplus more than doubled in September from August, supported by a surge in the goods surplus, and a lowering of services and current transfers deficits, the Bank of Korea said Wednesday.
The current account surplus widened to $4.2 billion in September from $1.9 billion in the previous month. The goods and services account surplus increased to $3.8 billion from $1.5 billion, with the goods surplus rising to $5.4 billion from $3.3 billion. At the same time,the services account deficit narrowed to $1.6 billion from $1.8 billion. Further,the deficit in the current transfers account fell to $162 million from $215 million in August. However, the surplus in the income account decreased to $548 million from $587 million in August.
Meanwhile, the capital and financial account showed a surplus of $7.2 billion, higher than the $5.5 billion surplus seen in August.
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