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Market Update: South Korea Current Account Swings to Surplus in April
South Koreas current account swung to a USD 1.91 billion surplus in May of 2021 from a USD 3.30 billion deficit in the same month a year earlier. The goods account surplus widened sharply to USD 4.56 billion from USD 0.70 billion a year ago while the services account posted a USD 0.01 billion surplus compared with a USD 1.50 billion deficit a year ago. Also, the primary income gap narrowed to USD 1.95 billion from USD 2.25 while the secondary income shortfall decreased to USD 0.71 billion from USD 0.81 billion. source: The Bank of Korea [/s2If]
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