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S. Korea posts current account surplus in May
15 Views • Jul 04, 2019
Description
The Bank of Korea says the current account surplus amounted to almost five billion U.S. dollars.
That's a turnaround from the six-hundred-60 million dollar deficit posted the month before amid sluggish exports.
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.
The goods account surplus, however, hit a five-year low.
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