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S. Korea posts current account surplus in May

2019-07-04 15 Dailymotion

South Korea's current account was back in the black in May,... after posting its first deficit in seven years the previous month..<br />The Bank of Korea says the current account surplus amounted to almost five billion U.S. dollars.<br />That's a turnaround from the six-hundred-60 million dollar deficit posted the month before amid sluggish exports.<br />The BOK attributed the turnaround to a smaller services account deficit and the absence of the seasonal surge in dividend payouts that affected April's figures.<br />The goods account surplus, however, hit a five-year low.<br />

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