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South Korea December Current Account Surplus $2.68 Billion
(RTTNews) - South Korea posted a current account surplus of $2.68 billion in December, the Bank of Korea said on Wednesday - following the $0.22 billion shortfall in November.
The goods account saw a $0.48 billion deficit, down from the $4.43 billion surplus a year earlier.
The services account deficit increased to $1.39 billion, from $0.76 billion in December the year prior, owing to a decrease in the transport account surplus.
The primary income account surplus increased from $3.49 billion the year previously to 4.79 billion dollars in December 2022.
The secondary income account saw a $0.24 billion deficit.
Looking at the financial account, net assets increased by $5.06 billion during December, increasing by $38.83 billion for the year 2022 as a whole.
Direct investment assets increased by $5.51 billion, and direct investment liabilities increased by $2.48 billion.
There was a $4.37 billion increase in portfolio investment assets during the month, and a $3.05 billion decrease in portfolio investment liabilities.
Financial derivatives posted a net increase of $0.18 billion.
In terms of other investments, there was a decrease of $14.63 billion in assets and a decrease of $5.17 billion in liabilities.
Reserve assets increased by $3.89 billion.
For all of 2022, the current account surplus was $29.83 billion, following the $85.23 billion surplus in 2021.
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