Korea’s current account surplus narrowed in January from a month earlier due mainly to a jump in the deficit of the service account, central bank data showed on March 6.
The country’s current account surplus reached US$2.68 billion in January, down from a surplus of US$4.09 billion a month earlier, according to the preliminary data from the Bank of Korea.
It marked the 71st consecutive month of a current account surplus, which started in March 2012.
The services account deficit widened to US$4.49 billion from a deficit of US$3.77 billion a month earlier due to a rise in overseas trips and foreign business services.
Also, the goods account surplus slightly narrowed to US$8.11 billion in January, from US$8.21 billion a month earlier.
By Song Seung-hyun and newswires (firstname.lastname@example.org