S. Korea records 18th straight month of current account surplus in October

08-Dec-2021 Intellasia | Arirang | 5:02 AM Print This Post

South Korea posted a current account surplus for the 18th straight month in October.

The Bank of Korea says the surplus stood at 6.9-5 billion US dollars.

It was down from a month ago and down on-year.

This was mainly due to a rise in imports amid high energy and raw material prices.

The services account posted a surplus of 630 million dollars, thanks to a record surplus of around 2 billion dollars from the transport sector driven by a hike in shipping rates.

https://www.arirang.com/news/News_View.asp?nseq=288952

 

Category: Korea

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