September 10 , 2022
The Bank of Korea reported that South Korea’s current account surplus decreased to $1.09 billion in July from $5.61 billion in June.
A $1.18 billion deficit was recorded in the goods account, compared to a $5.55 billion surplus the year before.
Due to a sizable surplus in the transport account, the services account saw a $0.34 billion surplus, up from a $0.28 billion deficit in 2021.
In July 2022, the main income account surplus had decreased from $2.84 billion from the previous year to $2.27 billion.
A $0.34 billion loss was recorded in the secondary income account.
In the financial statement for July 2022, net assets rose by $0.18 billion.
While direct investment liabilities rose by $2.26 billion, direct investment assets rose by $5.67 billion.
During the month, portfolio investment assets increased by $3.24 billion, while portfolio investment liabilities increased by $4.22 billion.
Source: RTTNews
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