S. Korea logs current account deficit of 620m USD in Nov 2022

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South Korea logged current account deficit in November last year owing to export reduction, central bank data showed.

Current account balance, the broadest measure of cross-border trade, recorded a deficit of 620 million U.S. dollars in November, after posting a surplus of 1.58 billion dollars in September and 880 million dollars in October, according to the Bank of Korea.

The November deficit turned red sharply from a surplus of 6.82 billion dollars in November 2021. For the first 11 months of last year, the current account surplus came in at 24.37 billion dollars, less than a third of 82.24 billion dollars of surplus in the same period of 2021.— Xinhua