South Korea landed a current account surplus of $5.51 billion in August, the Bank of Korea said on Tuesday - following the $8.67 billion surplus in July.
The goods account surplus narrowed to $7.30 billion, compared to $10.78 billion in July.
The services account deficit shrank to $1.45 billion, from $1.53 billion the month before.
The primary income account surplus widened from $0.05 billion in July to $0.61 billion in August, in line with an improvement in the income on equity account.
The secondary income account saw a $0.94 billion deficit.
The financial account showed a $7.70 billion increase in net assets in August.
There was a $2.16 billion expansion in assets in the direct investment, after their $2.20 billion growth in July. Direct investment liabilities increased by $1.66 billion compared to the $1.25 billion increase in the month previous.
Portfolio investment assets grew by $8.37 billion in August, up from their $4.62 billion expansion in July. Portfolio investment liabilities meanwhile showed an increase of $1.62 billion, down from $4.53 billion the month before.
Financial derivatives posted a net decrease of $1.18 billion.
In the other investment there were increases of $1.84 billion in assets and $3.31 billion in liabilities.
Reserve assets expanded by $3.09 billion.
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