Most Popular
-
1
Dongduk Women’s University halts coeducation talks
-
2
Russia sent 'anti-air' missiles to Pyongyang, Yoon's aide says
-
3
Defense ministry denies special treatment for BTS’ V amid phone use allegations
-
4
OpenAI in talks with Samsung to power AI features, report says
-
5
Two jailed for forcing disabled teens into prostitution
-
6
Disney+ offers sneak peek at 2025 lineup of Korean originals
-
7
South Korean military plans to launch new division for future warfare
-
8
Gold bars and cash bundles; authorities confiscate millions from tax dodgers
-
9
Teen smoking, drinking decline, while mental health, dietary habits worsen
-
10
Kia EV9 GT marks world debut at LA Motor Show
Korea's current account surplus narrows to $8.71 bln in July
By 임정요Published : Sept. 1, 2016 - 10:48
South Korea's current account surplus hit the lowest in three months in July due to slowing exports, central bank data showed Thursday.
The current account surplus reached $8.71 billion in July, compared with $12.06 billion in June, according to the preliminary data from the Bank of Korea.
The July figure also represents a drop from a $9.71 billion surplus from a year earlier. It also marked the lowest in three months. The current account is the biggest measure of cross-border trade.
In July, the size of the surplus in the goods account came to $10.81 billion, down from a $12.71 billion surplus in the previous month, the BOK said.
It said the service balance widened its deficit to $1.53 billion from $1.38 billion from a month earlier.
In the primary income account, the country posted a surplus of $50 million in July, sharply down from $1.26 billion in the previous month.
Exports slipped 10.3 percent on-year in July, while imports plunged 13.6 percent. (Yonhap)
The current account surplus reached $8.71 billion in July, compared with $12.06 billion in June, according to the preliminary data from the Bank of Korea.
The July figure also represents a drop from a $9.71 billion surplus from a year earlier. It also marked the lowest in three months. The current account is the biggest measure of cross-border trade.
In July, the size of the surplus in the goods account came to $10.81 billion, down from a $12.71 billion surplus in the previous month, the BOK said.
It said the service balance widened its deficit to $1.53 billion from $1.38 billion from a month earlier.
In the primary income account, the country posted a surplus of $50 million in July, sharply down from $1.26 billion in the previous month.
Exports slipped 10.3 percent on-year in July, while imports plunged 13.6 percent. (Yonhap)
