BUSINESS

[Monitor] Korea’s current account surplus narrows

By Lee Joo-hee
  • Published : Feb 5, 2018 - 18:54
  • Updated : Feb 5, 2018 - 18:54


South Korea’s services account deficit widened to $3.77 billion in December last year, from a deficit of $730 million a year earlier due to a rise in overseas trips and foreign business services, preliminary data by the Bank of Korea showed Monday.

Such a sharp rise in deficit in the service account has led to the country‘s current account surplus to narrow in December, marking $4.09 billion, down from a surplus of $6.96 billion a year earlier.

For all of 2017, Korea’s current account surplus fell to $78.46 billion, compared to a surplus of $99.24 billion in 2016. (khnews@heraldcorp.com)

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