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South Korea Has $0.79 Billion Current Account Shortfall
(RTTNews) - South Korea posted a current account deficit of $0.79 billion in April, the Bank of Korea said on Friday.
That exceeded expectations for a shortfall of $1.38 billion following the downwardly revised $0.16 billion surplus in March (originally $0.27 billion).
The goods account saw a $0.58 billion surplus, while the services account posted a $1.21 billion deficit owing to a shortfall in the travel account.
The primary income account recorded a $0.09 billion deficit due to a decrease in the income on equity, while the secondary income account had a $0.08 billion deficit.
Looking at the financial account, net assets decreased by $4.82 billion during April. Direct investment assets increased by $0.98 billion, and direct investment liabilities decreased by $0.74 billion.
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