South Korea June Current Account Surplus $49.73 Billion

(RTTNews) - South Korea posted a current account surplus of $49.73 billion in June, the Bank of Korea said - up from $38.61 in May.

The goods account saw a $47.89 billion surplus as exports increased by 84.5 percent to $112.37 billion and as imports increased by 38.6 percent to $47.89 billion, both compared to one year earlier.

The services account posted a $1.29 billion deficit owing to deficits in the other business services and the manufacturing services accounts.

The primary income account had a $3.27 billion surplus due to an increase in the income on equity. The secondary income account recorded a $0.14 billion deficit.