South Korea Current Account Surplus Shrinks To $1.09 Billion
(RTTNews) - The current account balance in South Korea came in at a $1.09 billion surplus in July, the Bank of Korea said on Wednesday - down from $5.61 billion in June.
The goods account saw a $1.18 billion deficit, down from the $5.55 billion surplus a year earlier.
The services account recorded a $0.34 billion surplus, up from the $0.28 billion deficit in 2021, owing to a large surplus in the transport account.
The primary income account surplus fell from $2.84 billion last year to $2.27 billion in July 2022.
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South Korea's gross domestic product improved a seasonally adjusted 0.1 percent on quarter in the fourth quarter of 2024, the Bank of Korea said on Thursday.
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South Korea GDP Rises 0.1% In Q4
South Korea's gross domestic product expanded a seasonally adjusted 0.1 percent on quarter in the fourth quarter of 2024, the Bank of Korea said on Thursday.
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South Korea Export Prices Accelerate In December
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South Korea Has $9.30 Billion Current Account Surplus
South Korea poste a current account surplus of $9.30 billion in November, the Bank of Korea said on Wednesday - easing from $9.78 billion in October.
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South Korea Inflation Rises 2.3% In 2024
Consumer prices in South Korea were up 2.3 percent on year in 2024, Statistics Korea said on Tuesday - moderating from 2.5 percent in the previous year.
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South Korea Industrial Production Falls 0.7% In November
Industrial output in South Korea was down a seasonally adjusted 0.7 percent on month in November, Statistics Korea said on Monday - missing forecasts for a fall of 0.4 percent following the flat reading in October.
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South Korea Industrial Output Sinks 0.7$ In November
Industrial production in South Korea contracted a seasonally adjusted 0.7 percent on month in November, Statistics Korea said on Monday - missing forecasts for a decline of 0.4 percent following the flat reading in October.
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