South Korea logged a record high current account deficit due to export fall and higher travel account deficit, central bank data showed on Friday.
Current account balance, the broadest measure of cross-border trade, posted a deficit of 4.52 billion U.S. dollars in January, after recording a surplus of 2.68 billion dollars in the prior month, according to the Bank of Korea (BOK).
It was the biggest deficit since relevant data began to be compiled in 1980.
Export dropped 14.9 percent from a year earlier to 48 billion dollars in January, while import gained 1.1 percent to 55.46 billion dollars.— Xinhua
