South Korea August Current Account Surplus $9.15 Billion
(RTTNews) - South Korea posted a current account surplus of $9.15 billion in August, the Bank of Korea said on Thursday - down from $10.78 billion in July.
The goods account recorded a $9.40 billion surplus as exports decreased by 1.8 percent to $56.44 billion and as imports decreased by 7.3 percent to $47.04 billion, both compared to one year earlier.
The services account posted a $2.12 billion deficit owing to deficits in the travel and in the other business services accounts. The primary income account recorded a $2.07 billion surplus due to an increase in the income on equity.
The secondary income account saw a $0.19 billion deficit.
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