Plus   Neg

South Korea September Current Account Surplus $10.83 Billion


South Korea had a current account surplus of $10.83 billion in September, the Bank of Korea said on Tuesday - up from $8.44 billion in August.

The goods account surplus narrowed to $13.24 billion, compared to the $14.98 billion surplus in September of last year.

The services account deficit was $2.52 billion, down from $2.88 billion a year earlier, in line with improvements in the transport and the travel accounts.

The primary income account surplus narrowed to $0.67 billion compared to $1.25 billion in September 2017, in line with a decrease in the income on equity account.

The secondary income account showed a $0.56 billion deficit.

In the financial account, net assets expanded by $9.73 billion during September.

Direct investment assets grew by $2.47 billion, and direct investment liabilities by $0.30 billion.

There was a $7.72 billion increase in portfolio investment assets during the month, and a $1.40 billion decrease in portfolio investment liabilities.

Financial derivatives posted net growth of $0.44 billion.

In terms of other investment, there were increases of $0.42 billion in assets and $4.33 billion in liabilities.

Reserve assets expanded by $1.90 billion.

For comments and feedback contact: editorial@rttnews.com

Economic News

What parts of the world are seeing the best (and worst) economic performances lately? Click here to check out our Econ Scorecard and find out! See up-to-the-moment rankings for the best and worst performers in GDP, unemployment rate, inflation and much more.

Follow RTT