Korea's Jan-Nov current account surplus 25 percent higher than a year ago

Lee Ha-yeon 입력 2021. 1. 8. 11:42 수정 2021. 1. 8. 11:45
글자크기 설정 파란원을 좌우로 움직이시면 글자크기가 변경 됩니다.

이 글자크기로 변경됩니다.

(예시) 가장 빠른 뉴스가 있고 다양한 정보, 쌍방향 소통이 숨쉬는 다음뉴스를 만나보세요. 다음뉴스는 국내외 주요이슈와 실시간 속보, 문화생활 및 다양한 분야의 뉴스를 입체적으로 전달하고 있습니다.

South Korea extended its current account surplus for the seventh straight month in November last year, pushing the black 25 percent fatter than a year ago, amid recovery in the latter half.

Asia’s fourth-largest economy posted a current account surplus of $8.97 billion in November 2020, down from three-year high of $11.66 billion in the previous month but up 50.3 percent against a year-ago, the Bank of Korea announced Friday.

The cumulative surplus in the January-November period reached $63.94 billion, surpassing $55.64 billion a year ago as well as $59.97 billion for the full 2019.

The goods surplus in November rose to $9.54 billion from $2.15 billion a year earlier.

Exports gained 1.1 percent on year to $47.02 billion on increased demand for semiconductors, IT devices and automobiles, while imports lost 4.2 percent to $37.48 billion due to low import prices of crude and gas.

The service account registered a deficit of $702 million, but the red figure narrowed by $1.17 million from the previous year. Travel account deficit shrank by $450 million as outbound travelers plunged 96 percent amid a standstill in air travel from the Covid-19 pandemic.

The primary income account, which tracks wages of foreign workers and dividend payments overseas, recorded a surplus of $420 million, halved from a year ago due to decreased dividend income.

The capital and financial account, which covers cross-border investments, saw a net inflow of $8.95 billion in November versus $15.94 billion a month earlier.

Direct investment of Koreans overseas expanded $3.33 billion, while that of foreigners at home climbed $1.33 billion. In case of securities investment, Koreans saw the biggest gain of $9.41 billion since July 2019, and foreigners $4.32 billion.

[ⓒ Maeil Business Newspaper & mk.co.kr, All rights reserved]

Copyright© 매일경제 & mk.co.kr. 무단 전재, 재배포 및 AI학습 이용 금지

이 기사에 대해 어떻게 생각하시나요?