South Korea current account swings back to surplus in March

Kitco Media
By Reuters
Published:
Updated:
Reuters
SEOUL, May 10 (Reuters) - 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. (Reporting by Choonsik Yoo; Editing by Sandra Maler)

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