Wednesday, April 25, 2007

South Korean Current Account Deficit Is at 11-Month High on Repatriation

(Bloomberg) -- South Korea's current account deficit widened to an 11-month high in March on increased dividend payments to offshore investors.

The nation's currency fell after the report showed the current account shortfall widened to $1.5 billion from a $426.8 million gap a year earlier. February's surplus was revised to $402 million, the Bank of Korea said in Seoul today.


Read more at Bloomberg Emerging Markets News

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