A record current account deficit, weaker currency, collapse of US bank signal troublesA host of new red signs are popping up for the South Korean economy, which is bad news for policymakers already struggling to tame high inflation and tackle the economic slowdown.There are three worrisome developments. First, the country posted a record current account deficit in January. Second, the Korean currency is losing its value against the US dollar at a rapid clip. Third, investors are worried about the ripple impact from the collapse of the San Francisco-based Silicon Valley Bank, hit by a sudden bank run and capital crisis.

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