SEOUL: South Korea's current account balance became a deficit in April for the first time in two years on a reduced trade surplus and annual dividend payment to stock investors, central bank data showed on Friday .
The country's current account turned into a US$0.08 billion deficit in April, the first shortfall since April 2020, from a revised US$7.06 billion surplus in March, the provisional Bank of Korea data showed. The goods trade surplus shrank to a US$2.95 billion in April from US$5.64 billion in March while the dividend income balance turned to a US$3.82 billion deficit from a US$0.39 billion surplus in March, it showed.
For the January-April period, the current account balance stood at a US$15.31 billion surplus, compared with a US$22.52 billion surplus for the same period a year earlier.
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