South Korea posted a current account surplus of $5.06 billion in November, the Bank of Korea said on Tuesday – down from the $9.19 billion surplus in October.
The goods account surplus stood at $7.97 billion, down from $11.46 billion in November 2017.
The services account deficit was $2.29 billion, less than the $3.27 billion dollar deficit one year before owing to improvements in the transport and the travel accounts.
The primary income account reversed from its $0.07 billion deficit in November 2017 to a surplus of $0.03 billion dollars in November 2018, in line with an improvement in the income on equity account. The secondary income account showed a $0.65 billion deficit.
In the financial account, net assets expanded by $4.26 billion during November. Direct investment assets grew by $2.01 billion, and direct investment liabilities by $1.79 billion.
There was a $4.84 billion increase in portfolio investment assets during the month, and a $0.19 billion decrease in portfolio investment liabilities. Financial derivatives posted net growth of $0.34 billion.
In terms of other investment, there were declines of $6.19 billion in assets and $4.90 billion in liabilities. Reserve assets decreased by $0.04 billion.
The material has been provided by InstaForex Company – www.instaforex.com