S. Korea's Services Account Deficit Continues in November

Write : 2018-01-05 10:06:00 Update : 2018-01-05 11:11:39

S. Korea's Services Account Deficit Continues in November

South Korea's services account posted a deficit of over three billion dollars in November due to a rise in overseas trips and a decrease in Chinese tourists. 

According to data by the Bank of Korea(BOK) on Friday, the country's services account deficit widened to three-point-27 billion dollars in November, which is the fourth largest monthly figure to date. 

A BOK official explained that China partially lifted its travel ban on South Korea on November 28th, but it will take some time for the move to lead to a significant increase in Chinese tourists. 

Meanwhile, South Korea's current account surplus reached seven-point-43 billion dollars in November, up from a surplus of five-point-72 billion dollars a month earlier.

It marked the 69th consecutive month of a current account surplus, which started in March 2012.

  • RSS
  • Facebook
  • Twitter
  • print
  • list
  • Top
prev  prev  1 2 3 4 5 6 7 8 9 10 next
Internet Radio On-Air Window to KBS WORLD Radio Window to KOREA
2018 Inter-Korean Summit
North Korea Inside
청취자 만족도 조사 결과 -E
Let's Learn Korean (Mobile)
More Service
  • Podcasts
  • You can download KBS World Radio News in eleven languages through Podcast KBS Radio Tune


4 / 4