April 26, 2024

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[THE INVESTOR] 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 (ssh@heraldcorp.com)