South Korea Has $0.79 Billion Current Account Shortfall
South Korea posted a current account deficit of $0.79 billion in April, the Bank of Korea said on Friday.
That exceeded expectations for a shortfall of $1.38 billion following the downwardly revised $0.16 billion surplus in March (originally $0.27 billion).
The goods account saw a $0.58 billion surplus, while the services account posted a $1.21 billion deficit owing to a shortfall in the travel account.
The primary income account recorded a $0.09 billion deficit due to a decrease in the income on equity, while the secondary income account had a $0.08 billion deficit.