Balance of Payments during August 2023 (preliminary)
During August 2023, the Korean current account registered a surplus of 4.81 billion dollars.
― The goods account recorded a 5.06 billion dollar surplus.
― The services account posted a 1.60 billion dollar deficit owing to a deficit in the travel account.
― The primary income account recorded a 1.47 billion dollar surplus due to an increase in interest income.
― The secondary income account recorded a 0.12 billion dollar deficit.
Looking at the financial account, net assets increased by 5.73 billion dollars during August.
― Direct investment assets increased by 3.41 billion dollars, and direct investment liabilities increased by 1.70 billion dollars.
― There was a 3.05 billion dollar increase in portfolio investment assets during the month, and a 1.01 billion dollar decrease in portfolio investment liabilities.
― Financial derivatives posted a net decrease of 0.33 billion dollars.
― In terms of other investments, there was a decrease of 2.92 billion dollars in assets and a decrease of 4.79 billion dollars in liabilities.
― Reserve assets decreased by 1.59 billion dollars.
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