S. Korea posts first current account deficit in seven years in April
- 5 years ago
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.