S. Korea posts current account surplus in May
- 5 years ago
South Korea's current account was back in the black in May,... after posting its first deficit in seven years the previous month..
The Bank of Korea says the current account surplus amounted to almost five billion U.S. dollars.
That's a turnaround from the six-hundred-60 million dollar deficit posted the month before amid sluggish exports.
The BOK attributed the turnaround to a smaller services account deficit and the absence of the seasonal surge in dividend payouts that affected April's figures.
The goods account surplus, however, hit a five-year low.
The Bank of Korea says the current account surplus amounted to almost five billion U.S. dollars.
That's a turnaround from the six-hundred-60 million dollar deficit posted the month before amid sluggish exports.
The BOK attributed the turnaround to a smaller services account deficit and the absence of the seasonal surge in dividend payouts that affected April's figures.
The goods account surplus, however, hit a five-year low.