The South Korean current account surplus narrowed in December recording $1521.5 million compared with a previous surplus of $4277.7 million. The nation's goods balance came in at $4023 million last month from $5842 million.

However, economic growth slowed in the fourth quarter of last year as the Korean GDP grew 0.2% in 4Q from the previous three months when it expanded 3.2%. Goods exports slipped 1.8% in the three months ended December 31, while corporate investment slowed to 4.7% from a previous 10.4% in the third quarter, which had a negative effect on Asia's fourth largest economy.