S.Korean Current Account Surplus Widens In October

Sponsored Links

South Korea recorded a current account surplus of US$ 4.9 billion in October, rising slightly from a revised surplus of US$ 4 billion in September, the Bank of Korea said Friday. This is the ninth consecutive month of surplus and the highest in four months.

During the month, the goods surplus widened to US$ 5.72 billion from US$ 5.28 billion in September, while the deficit in the services account decreased to US$ 1.13 billion from US$ 1.63 billion. The surplus in the current transfers account totaled US$ 190 million, up from US$ 160 million in the previous month.

Meanwhile, the capital account showed a surplus of US$ 1.54 billion in October, down from US$ 7.2 billion in September.

(Market News Provided by RTTNews)