South Korea posts current account deficit for 2nd straight month

  • 📰 inquirerdotnet
  • ⏱ Reading Time:
  • 11 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 8%
  • Publisher: 86%

Philippines Headlines News

Philippines Latest News,Philippines Headlines

South Korea posted a current account deficit for the second consecutive month in February, central bank data showed Friday, as the country’s raw material imports grew while outbound shipments continued to slump. | Reuters

Exports decreased by 6.3 percent in February on-year to $50.52 billion as well.

The sectors that have largely affected this trend are semiconductors , chemical industrial products and steel products .On the other hand, imports increased by 4.6 percent to $51.82 billion on-year.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 3. in PH

Philippines Latest News, Philippines Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

North Korea says US-South Korea drills push tension to 'brink of nuclear war'North Korea on Thursday accused the US and South Korea of escalating tension to the brink of nuclear war through their joint military drills involving American strategic assets, vowing to respond with "offensive action," state media KCNA said.
Source: gmanews - 🏆 11. / 68 Read more »

North Korea says US-South Korea drills push tension to 'brink of nuclear war'US and South Korean forces are conducting a series of annual springtime exercises since March, including air and sea drills.
Source: rapplerdotcom - 🏆 4. / 86 Read more »

US, South Korea, Japan express concern over North Korea's 'malicious' cyber activitiesCrypto currency funds stolen by North Korean hackers have been a key source for financing the sanctions-stricken country's weapons programmes, they say in a joint statement.
Source: rapplerdotcom - 🏆 4. / 86 Read more »

South Korea sends aid for oil spill clean-upThe ship sent by South Korea carrying supplies to aid the clean-up of the oil spill in Oriental Mindoro has arrived at the Manila port, according to the Embassy of the Republic of South Korea in the Philippines.
Source: gmanews - 🏆 11. / 68 Read more »

South Korea donates equipment to contain oil spill in MindoroThe Republic of Korea has donated sorbent pads and other equipment that will be used in the operations to contain the oil spill off the waters of Oriental Mindoro and nearby areas following the sinking of an oil tanker on Feb. 28. | ManilaBulletin Yung bully at abusado sa ating karagatan na pinagtatangol pa ng iba nating kababayan tahimik…
Source: manilabulletin - 🏆 25. / 51 Read more »

US lawmakers invite South Korean president to address CongressUS Congressional leaders invite South Korean President Yoon Suk to celebrate the 70th anniversary of the US-South Korea alliance.
Source: rapplerdotcom - 🏆 4. / 86 Read more »