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South Korea's current account surplus hits 7-month low in November

2019-01-08 0 Dailymotion

South Korea's current account recorded a surplus for the 81st month in a row in November... but the size dropped to a 7-month low. <br />According to the Bank of Korea on Tuesday, this is mainly due to slower export growth.<br />The current account, which records Korea's transactions with the rest of the world, including its trade in goods and services, saw a surplus of almost 5-point-1 billion U.S. dollars in November.<br />The goods account had a surplus of around 8-billion dollars... down from 11-point-5 in November 2017.<br />The central bank attributed the lower numbers to falling semiconductor prices and the ongoing trade war between the U.S. and China. <br />

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