In July, South Korea reported a current account surplus of $9.13 billion, a decrease from June’s $12.26 billion, according to the Bank of Korea.The goods account registered an $8.49 billion surplus, with exports rising annually by 16.7% to $58.63 billion and imports climbing 9.4% to $50.14 billion.The services account recorded a $2.38 billion deficit, primarily due to shortfalls in travel and other business services.The primary income account achieved a $3.15 billion surplus, driven by increased equity income, while the secondary income account posted a $0.13 billion deficit.Turning to the financial account, net assets saw a growth of $11.03 billion in July. Direct investment assets increased by $4.33 billion, while direct investment liabilities rose by $2.99 billion, resulting in a net increase of $1.35 billion.The material has been provided by InstaForex Company – www.instaforex.com
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