S. Korea posts first current account deficit in seven years in April
South Korea posted its first current account deficit in seven years in April.
The Bank of Korea said on Wednesday the country's current account balance recorded a deficit of zero-point-66 billion U.S. dollars in April, down from the four-point-eight billion dollar surplus posted in March.
This marks the first shortfall since April 2012.
The central bank said dividends paid to foreign stockholders rose to six-point-eight billion dollars in April as most companies pay yearly dividends in April.
The trade surplus also shrank to five-point-seven billion dollars in April on slowing exports.
The Bank of Korea said on Wednesday the country's current account balance recorded a deficit of zero-point-66 billion U.S. dollars in April, down from the four-point-eight billion dollar surplus posted in March.
This marks the first shortfall since April 2012.
The central bank said dividends paid to foreign stockholders rose to six-point-eight billion dollars in April as most companies pay yearly dividends in April.
The trade surplus also shrank to five-point-seven billion dollars in April on slowing exports.
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