On Friday, the Bank of Korea (BOK) released data indicating that South Korea had a current account surplus of $3.58 billion in July, continuing a streak of positive balances for the third consecutive month. This was due to the country’s trade surplus, as well as increased dividend payments from abroad.
The goods account had a surplus of $4.28 billion, following a $3.98 billion surplus in June. Meanwhile, the primary income account, which tracks wages of foreign workers and overseas dividend payments, reported a surplus of $2.92 billion, after a $4.85 billion surplus in the previous month.
Unfortunately, the services account had an ongoing deficit of $2.53 billion in July.
sam@yna.co.kr
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