Latest Balance of payments Stories
2009-02-27 12:58:03
South Korea's current account fell short in January due to a sharp decline in exports, the Bank of Korea said. The current account, which measures trade, service and investment transactions between South Korea and other markets, reached a $1.36 billion deficit in January, a sharp about face from December's surplus of $860.8 million, Yonhap reported Friday. The deficit has already impacted currency rates with the won hitting an 11-year low against the U.S. dollar Friday. Trading at 1,534 won...
