▶Balance of Payments during June 2018(preliminary)
1. During June 2018 the Korean current account registered a 7.38 billion dollar surplus (and a surplus of 29.65 billion dollars for the first half of the year).
― The goods account surplus widened to 10.04 billion dollars, compared to 9.42 billion dollars in June of last year.
― The services account deficit narrowed to 2.45 billion dollars, from 2.69 billion dollars one year before, in line with improvements in the travel and the transport accounts.
― The primary income account surplus narrowed from 0.64 billion dollars in June of 2017 to 0.46 billion dollars in June this year, owing to an increase in the payments on equity account.
― The secondary income account showed a 0.67 billion dollar deficit.
2. Looking at the financial account, net assets expanded by 4.73 billion dollars during June (and by 24.15 billion dollars over the first half of the year).
― Direct investment assets grew by 3.55 billion dollars, and direct investment liabilities by 3.34 billion dollars.
―There was a 3.95 billion dollar increase in portfolio investment assets during the month, and a 4.08 billion dollar expansion in portfolio investment liabilities.
― Financial derivatives posted a net contraction of 0.17 billion dollars.
― In terms of other investment, decreases of 1.95 billion dollars in assets and of 3.79 billion dollars in liabilities were seen.
― Reserve assets expanded by 2.98 billion dollars.
(Source: The Bank of Korea, 03/08/2018)
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