South Korea's current account surplus records US $1.7 bil. in April
- 6 years ago
South Korea's current account posted a surplus for the 74th consecutive month in April,.... but the surplus contracted to a six-year low.
The Bank of Korea says,.... the country's current account surplus was.... one-point-seven billion U.S. dollars in April,.... about half the size of April 2017's three-point-six billion dollar surplus.
The Bank attributed the fall to a slight decline in the goods account surplus..... and a sharp rise in dividend payouts, ....which hit a record high of 7-point-5 billion dollars.
But the services account deficit shrunk on a turnaround in Chinese visitors.... as the number of Chinese visitors to Korea was up over 60 percent on-year in April.
The travel account deficit for the same month... was around one billion dollars, the lowest since December 2016.
The Bank of Korea says,.... the country's current account surplus was.... one-point-seven billion U.S. dollars in April,.... about half the size of April 2017's three-point-six billion dollar surplus.
The Bank attributed the fall to a slight decline in the goods account surplus..... and a sharp rise in dividend payouts, ....which hit a record high of 7-point-5 billion dollars.
But the services account deficit shrunk on a turnaround in Chinese visitors.... as the number of Chinese visitors to Korea was up over 60 percent on-year in April.
The travel account deficit for the same month... was around one billion dollars, the lowest since December 2016.