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S.Korea logs current account surplus in Jan; Growth slows

Korea Economic Daily LogoKorea Economic Daily5d ago

S.Korea logs current account surplus in Jan; Growth slows - Korea Economic Daily

Quick Summary:

The current account surplus of Asia’s No.4 economy reached $2.94 billion in January, extending the profit streak for the 21st month in a row, Bank of Korea data showed on Friday.

SMALLER GOODS ACCOUNT SURPLUS Korea’s goods account surplus stood at $2.50 billion in the first month of this year, down from $4.36 billion a year ago and $10.43 billion a month ago.

The decrease was mainly due to a shrinking goods account surplus driven by a fall in exports with fewer working days in January, when the Lunar New Year holiday was celebrated, said the central bank.


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Category: Economy

Markets:

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Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-03-07 @ 11:41:16 (5 days ago)

News Timezone: GMT +8:00

News Source URL: kedglobal.com

Language: English

Article Length: 582 words

Reading Time: 4 minutes read

Sentences: 25 lines

Sentence Length: 24 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Korea Economic Daily

News ID: 26918358

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Main Topics: Economy

Official Website: kedglobal.com

Update Frequency: 7 posts per day

Year Established: 1964

Headquarters: South Korea

News Last Updated: 7 hours ago

Coverage Areas: South Korea

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Worldwide

News Language: English

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Publisher ID: #91

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