off-the-wire

South Korea current account in the red for two months running

Kitco Media
By Reuters
Published:
Updated:
Reuters
SEOUL, April 7 (Reuters) - South Korea's current account logged a deficit for a second month in February, but it narrowed from a record high in the previous month, central bank data showed on Friday.


The current account balance stood at a deficit of $0.52 billion in February, after a revised $4.21 billion deficit in January, which was the biggest since the data series began in 1980.


It was the first time since 2012 the current account logged deficits for two months running.


The balance of goods and services posted deficits of $1.30 billion and $2.03 billion, respectively, while that of primary income logged a $3.12 billion surplus, according to the Bank of Korea.
(Reporting by Jihoon Lee; Editing by Jacqueline Wong)

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