empty
 
 

2023.06.0823:17:00UTC+00South Korea Has $0.79 Billion Current Account Shortfall

South Korea posted a current account deficit of $0.79 billion in April, the Bank of Korea said on Friday.

That exceeded expectations for a shortfall of $1.38 billion following the downwardly revised $0.16 billion surplus in March (originally $0.27 billion).

The goods account saw a $0.58 billion surplus, while the services account posted a $1.21 billion deficit owing to a shortfall in the travel account.

The primary income account recorded a $0.09 billion deficit due to a decrease in the income on equity, while the secondary income account had a $0.08 billion deficit.

Looking at the financial account, net assets decreased by $4.82 billion during April. Direct investment assets increased by $0.98 billion, and direct investment liabilities decreased by $0.74 billion.

  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    JOIN CONTEST
  • Chancy Deposit
    Deposit your account with $3,000 and get $1000 more!
    In April we raffle $1000 within the Chancy Deposit campaign!
    Get a chance to win by depositing $3,000 to a trading account. Having fulfilled this condition, you become a campaign participant.
    JOIN CONTEST
  • Trade Wise, Win Device
    Top up your account with at least $500, sign up for the contest, and get a chance to win mobile devices.
    JOIN CONTEST
  • 100% Bonus
    Your unique opportunity to get a 100% bonus on your deposit
    GET BONUS
  • 55% Bonus
    Apply for a 55% bonus on your every deposit
    GET BONUS
  • 30% Bonus
    Receive a 30% bonus every time you top up your account
    GET BONUS


Can't speak right now?
Ask your question in the chat.
Widget callback