South Korea Has $7.06 Billion Current Account Surplus

South Korea had a current account surplus of $7.06 billion in January, the Bank of Korea said on Tuesday - down from $11.51 billion in December.

The goods account surplus widened to $5.73 billion, compared to $2.07 billion in January 2020.

The services account deficit decreased to $0.61 billion, from $2.99 billion in January 2020, owing to an improvement in the transport and travel accounts.

The primary income account surplus increased from $1.63 billion the year previously to $2.36 billion in January 2021, in line with an increase in the income on equity.

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