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S. Korea's current account surplus at US$ 11.25 bil. in Q1, lowest since 2012 Q2

2019-05-08 1 Dailymotion

South Korea's current account surplus for the first quarter of 2019 slumped to a low not seen in roughly seven years.<br />The Bank of Korea says the current account surplus recorded eleven-point-two-five billion U.S. dollars, the smallest figure since Q2 of 2012,... mainly due to slowing global trade and sluggish chip exports.<br />Overall exports and imports dipped by around eight percent on-year in the first quarter. <br />In March, the current account surplus recorded four-point-eight billion dollars, remaining in the black for the 83rd consecutive month, though it fell by eight percent on-year. <br />

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