SKorea current account deficit hits 10-year high
Afp, Seoul
South Korea's current account deficit hit a 10-year high in April due to increased dividend payments to foreign investors and a fall in the trade surplus, the central bank said Thursday. The deficit amounted to 1.93 billion dollars in April compared with a revised 1.64-billion-dollar shortfall in March, the Bank of Korea said. The figure for last month was the largest since the 2.44-billion-dollar deficit posted in February 1997. The seasonally adjusted current account deficit came to 440.8 million dollars in April, compared with a revised 580.0 million deficit in March. The current account is the broadest measure of trade, services and investment flowing into and out of the country.
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