The Bank of Korea announces that South Korea's current account...

The Bank of Korea announces that South Korea's current account has fallen due to a sharp drop in its goods surplus. As of the latest report, South Korea's current account surplus has fallen to $15.8 billion, down from $33.2 billion in the previous year. The decline in the goods surplus is a major factor in the fall of the current account surplus. South Korea's goods surplus has fallen to $35.1 billion in the latest report, down from $49.7 billion in the previous year. This decline is attributed to several factors, including a slowdown in global demand for Korean exports and a strengthening of the Korean won against other currencies, making Korean goods more expensive in overseas markets and leading to a decline in demand.

Tuesday, 28 March, 2000