South Korea posted a current account surplus of $7.06 billion in January, the Bank of Korea said on Tuesday – down from $11.51 billion in December.
The goods account surplus widened to $5.73 billion, compared to $2.07 billion in January 2020.
The services account deficit decreased to $0.61 billion, from $2.99 billion in January 2020, owing to an improvement in the transport and travel accounts.
The primary income account surplus increased from $1.63 billion the year previously to $2.36 billion in January 2021, in line with an increase in the income on equity.
The secondary income account saw a $0.42 billion deficit.
Looking at the financial account, net assets increased by $5.28 billion in January.
Direct investment assets increased by $2.20 billion, and direct investment liabilities increased by $0.57 billion.
There was a $10.95 billion increase in portfolio investment assets during the month, and a $2.30 billion increase in portfolio investment liabilities.
Financial derivatives posted a net increase of $0.07 billion.
In terms of other investments, there was an increase of $1.66 billion in assets and an increase of $6.43 billion in liabilities.
Reserve assets decreased by $0.30 billion.
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