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South Korea Has $8.44 Billion Current Account Surplus

South Korea posted a current account surplus of $8.44 billion in August, the Bank of Korea said on Thursday.

That was roughly in line with expectations and down from $8.79 billion in July.

The goods account showed a $11.24 billion surplus, higher than the surplus of $9.18 billion in August of last year.

The services account deficit was $2.11 billion, down from $2.33 billion one year before, in line with improvements in the construction services and use of intellectual property accounts.

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