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S.Korea posts current account surplus for 76 months
Source: Xinhua   2018-08-03 13:27:33

SEOUL, Aug. 3 (Xinhua) -- South Korea posted current account surplus for 76 months through June helped by export, which accounts for about half of the export-driven economy, central bank data showed Friday.

Current account surplus amounted to 7.38 billion U.S. dollars in June, staying in black since March 2012, according to the Bank of Korea (BOK).

Trade surplus for goods reached 10.04 billion dollars as the export kept an upward trend for 20 straight months at 52.25 billion dollars amid strong demand for semiconductors and global trade recovery.

Imports also grew for the 20th consecutive month at 42.22 billion dollars in the month.

Services account logged a deficit of 2.45 billion dollars in June, marking the biggest deficit in four months.

The deficit came as local chip manufacturers paid more fees for processing to overseas foundry subcontractors. The process service deficit stood at 620 million dollars, the biggest since February.

The travel account deficit was 1.2 billion dollars in June, down from a deficit of 1.34 billion dollars in the previous month.

Editor: Shi Yinglun
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Xinhuanet

S.Korea posts current account surplus for 76 months

Source: Xinhua 2018-08-03 13:27:33
[Editor: huaxia]

SEOUL, Aug. 3 (Xinhua) -- South Korea posted current account surplus for 76 months through June helped by export, which accounts for about half of the export-driven economy, central bank data showed Friday.

Current account surplus amounted to 7.38 billion U.S. dollars in June, staying in black since March 2012, according to the Bank of Korea (BOK).

Trade surplus for goods reached 10.04 billion dollars as the export kept an upward trend for 20 straight months at 52.25 billion dollars amid strong demand for semiconductors and global trade recovery.

Imports also grew for the 20th consecutive month at 42.22 billion dollars in the month.

Services account logged a deficit of 2.45 billion dollars in June, marking the biggest deficit in four months.

The deficit came as local chip manufacturers paid more fees for processing to overseas foundry subcontractors. The process service deficit stood at 620 million dollars, the biggest since February.

The travel account deficit was 1.2 billion dollars in June, down from a deficit of 1.34 billion dollars in the previous month.

[Editor: huaxia]
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