Balance of Payments during February 2023 (preliminary)
During February 2023, the Korean current account registered a deficit of 0.52 billion dollars.
― The goods account recorded a 1.30 billion dollar deficit.
― The services account posted a 2.03 billion dollar deficit owing to deficits in the transport account and the travel account.
― The primary income account recorded a 3.12 billion dollar surplus due to an increase in the income on equity.
― The secondary income account recorded a 0.31 billion dollar deficit.
Note: 1) The export and import figures in the goods account can differ from those compiled on a
customs clearance basis
Looking at the financial account, net assets increased by 1.19 billion dollars during February.
― Direct investment assets increased by 3.66 billion dollars, and direct investment liabilities increased by 0.36 billion dollars.
― There was a 2.48 billion dollar increase in portfolio investment assets during the month, and a 1.45 billion dollar increase in portfolio investment liabilities.
― Financial derivatives posted a net decrease of 1.37 billion dollars.
― In terms of other investments, there was a decrease of 5.81 billion dollars in assets and a decrease of 5.63 billion dollars in liabilities.
― Reserve assets decreased by 1.59 billion dollars.
Note: 1) Positive figures represent increases in assets/liabilities, and negative figures decreases.
2) Includes non-residents' investments in bonds issued abroad by residents.
3) Bills bought, drafts sold, etc.
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