South Korea Posts $6.93 Billion Current Account Surplus In March

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South Korea had a existent relationship surplus of $6.93 cardinal successful March, the Bank of Korea said connected Thursday.

That's up from $6.86 cardinal successful February.

The goods relationship recorded an $8.09 cardinal surplus arsenic exports accrued annually by 3.0 percent to $58.27 cardinal and arsenic imports decreased by 13.1 percent to $50.18 billion, some compared to 1 twelvemonth earlier.

The services relationship posted a $2.43 cardinal shortage owing to deficits successful the usage of intelligence spot and question accounts.

The superior income relationship recorded a $1.83 cardinal surplus owed to an summation successful the income connected equity.

The secondary income relationship recorded a $0.56 cardinal deficit.

Looking astatine the fiscal account, nett assets accrued by $11.06 cardinal during March.

Direct concern assets accrued by $2.83 billion, and nonstop concern liabilities accrued by $1.61 billion, resulting successful a nett summation of $1.22 billion.

There was an $8.88 cardinal summation successful portfolio concern assets during the month, and a $0.84 cardinal alteration successful portfolio concern liabilities, starring to a nett summation of $9.72 billion.

Financial derivatives posted a nett summation of $0.78 billion.

In presumption of different investments, determination was a nett alteration of $4.22 cardinal with a alteration of $0.04 cardinal successful assets and an summation of $4.18 cardinal successful liabilities.

Reserve assets accrued by $3.56 billion.

For the archetypal 4th of 2024, the existent relationship surplus was $16.84 billion.

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