2021.06.0723:46:00UTC+00South Korea Current Account Surplus Drops To $1.91 Billion

South Korea's current account surplus shrank dramatically in April, the Bank of Korea said on Tuesday - coming in at $1.91 billion.

That's down sharply from 7.82 billion in March.

The goods account surplus increased to $4.56 billion, compared to $0.7 billion in April.

The services account saw a $0.01 billion surplus, up from the $1.5 billion deficit one year earlier, owing to an improvement in the transport account.

The primary income account deficit narrowed from $2.25 billion last year to $1.95 billion in April of this year.

The secondary income account saw a $0.71 billion deficit.

In the financial account, net assets decreased by $1.52 billion during April.

Direct investment assets increased by $4.33 billion and direct investment liabilities increased by $2.60 billion.

There was a $4.84 billion increase in portfolio investment assets during the month, and a $6.13 billion increase in portfolio investment liabilities.

Financial derivatives posted a net decrease of $0.20 billion.

In other investments, there was an increase of $5.49 billion in assets and an increase of $8.89 billion in liabilities.

Reserve assets increased by $1.64 billion.