S. Korea current account surplus slightly down in June to US$8 bil.
July 30, 2014, 12:04 am TWN
SEOUL -- South Korea logged a current account surplus of nearly US$8.0 billion in June, slightly down from the May figure as import growth outpaced exports, the central Bank of Korea said Tuesday.
The current account, the broadest measure of foreign trade in goods and services, showed a surplus of US$7.92 billion compared to a revised figure of US$9.08 billion the previous month.
With the June figure, the surplus for Asia's fourth largest economy in the first six months of the year stood at a record US$39.2 billion dollars, compared with US$31.3 billion a year earlier.
The bank's data showed that overseas shipments rose 2.5 percent on-year to US$47.85 billion, while imports were up 4.1 percent at US$42.4 billion.
The service account, which includes outlays by South Koreans on overseas trips, saw its deficit widen to US$580 million from US$340 million in May.
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