S.Korea Aug current account logs biggest deficit in over two years
SEOUL, Oct 7 (Reuters) - South Korea's current account swung to the red by the biggest margin in more than two years in August amid high energy prices, central bank data showed on Friday.
The country's current account balance logged a provisional $3.05 billion deficit in August, following a $0.79 billion surplus in July, according to the Bank of Korea.
It was the first monthly shortfall since April 2022 and the biggest since April 2020.
The current account recorded a cumulative $22.52 billion surplus from January to August, compared with $56.90 billion for the same period a year ago.
Reporting by Jihoon Lee; Editing by Tom Hogue
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