South Korea current account swings back to surplus in March
FILE PHOTO: Cranes and shipping containers are seen at Pyeongtaek port in Pyeongtaek, South Korea, July 9, 2020. REUTERS/Kim Hong-Ji/File Photo
SEOUL : South Korea's current account balance in March ended a two-month run of deficit to post a surplus, but suffered its biggest quarterly deficit in more than 14 years during the January-March period, data showed on Wednesday.
The country posted a $0.27 billion current account surplus in March, after setting a deficit in each of the preceding two months, the Bank of Korea data showed.
For the first quarter of this year, it posted a deficit of $4.46 billion, the biggest since the third quarter of 2008.
Source: Reuters
