2023-08-08 09:33
Korea logs $5.87 billion account surplus, second straight month in the black
Containers are unloaded at a port in Incheon on June 9. [NEWS1] Korea logged $5.87 billion in current account surplus in June, the second straight month the balance has stayed positive. The June figure was a dramatic jump from the $1.93 billion surplus tallied in May, showed the Bank of Korea's preliminary data on Tuesday. Account surplus for goods and primary income jumped, while the deficit for the services account expanded in June from a month earlier. 'The services account is projected to continuously report a deficit due to various factors, including summer vacation,' Shin Seung-chul, director general of the Bank of Korea's economic statistics division, said about the account balance in July during a press conference held in central Seoul.
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