FX.co ★ South Korea Has $6.93 Billion Current Account Surplus

On Thursday, the Bank of Korea reported that South Korea has logged a current account surplus of $6.93 billion in March, a slight increase from the $6.86 billion noted in February. In detail, the goods account demonstrated a notable surplus of $8.09 billion as exports experienced a 3.0% year-on-year growth, coming in at $58.27 billion. Simultaneously, imports witnessed a decline of 13.1%, totaling $50.18 billion. However, the services account accumulated a deficit of $2.43 billion primarily due to the utilization of intellectual property and travel accounts.