South Korea posted a current account surplus of $8.40 billion in February, the Bank of Korea said on Wednesday.
That follows the $5.28 billion surplus in January.
The goods account surplus widened to $10.55 billion, compared to $7.93 billion a year earlier.
The services account deficit was $2.23 billion after checking in at a $1.16 billion shortfall a year earlier. That was despite an improvement in the use of intellectual property account, owing to deficits in the travel and the transport account, the bank said.
The primary income account surplus narrowed from $0.83 billion a year earlier to $0.63 billion, in line with an increase in the payments on equity account.
The secondary income account showed a $0.55 billion deficit.
The financial account recorded a $9.21 billion overall increase in net assets in February.
Direct investment assets increased by $4.95 billion, while direct investment liabilities grew by $0.70 billion.
There was a $7.55 billion expansion in portfolio investment assets during the month, as well as an increase of $6.68 billion in portfolio investment liabilities.
Financial derivatives posted a net contraction of $1.58 billion.
Looking at other investment, there were increases of $7.18 billion in assets and of $1.37 billion in liabilities.
Reserve assets declined by $0.15 billion.
by RTT Staff Writer
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