South Korea Posts $6.86 Billion Current Account Surplus
South Korea had a current account surplus of $6.86 billion in February, the Bank of Korea said on Friday – following the $3.05 billion surplus in January.
The goods account recorded a $6.61 billion surplus as exports increased annually by 3.0 percent to $52.16 billion and as imports fell 12.2 percent to $45.55 billion.
The services account posted a $1.77 billion deficit owing to deficits in the manufacturing services and travel accounts.
The primary income account saw a $2.44 billion surplus due to an increase in the income on equity.
The secondary income account recorded a $0.42 billion deficit.
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