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


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