South Korea posted an unadjusted current account surplus of $7.62 billion in September, the Bank of Korea said on Wednesday.
That follows the downwardly revised $7.20 billion surplus in August (originally $7.60 billion).
The goods account surplus widened to $7.73 billion, from $7.37 billion in the previous month.
The services account deficit narrowed to $0.28 billion from $0.73 billion in August as the travel and the construction service accounts both improved, the bank said.
The primary income account surplus narrowed to $0.61 billion from $1.05 billion in the previous month due to an increase in payments on the equity account. The secondary income account recorded a deficit of $0.43 billion.
The financial account saw a net outflow of $8.76 billion, up from $7.80 billion the previous month.
Direct investment had a net outflow of $2.15 billion up from $0.75 billion the previous month, as outward direct investment increased, the bank said.
Portfolio investment shifted to a net outflow of $3.52 billion from a net inflow of $0.50 billion the previous month, due mainly to the shift to a net outflow of foreigners’ equity investment, the bank said.
Financial derivatives posted a net inflow of $0.47 billion.
Other investment recorded a net outflow of $1.88 billion, substantially less than the $7.29 billion in August, owing to domestic financial institutions’ repatriation of overseas deposits and collection of loans despite their increased redemption of borrowings, the bank said.
Reserve assets increased by $1.68 billion.
The adjusted current account surplus was $5.20 billion in September.
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