RTTNews - South Korea's current account balance showed surplus for the sixth straight month in July, the Bank of Korea reported Friday. However, the surplus declined to US$4.4 billion in July from US$5.43 billion last month.
The goods balance recorded a surplus of US$6.17 billion in July, smaller than June's US$6.61 billion surplus. Meanwhile, the deficit in the service account totaled US$1.89 billion, up from US$1.45 billion shortfall in the prior month.
The capital account showed a net inflow of US$2.38 billion in July versus a net outflow of US$290.5 million in June.
Lee Young-bog, head of the BOK's balance of payments statistics team told reporters that the current account surplus in August is expected to be smaller than in July.
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