S. Korea Suffers Current Account Deficit in April, First in 7 Years

SEOUL, Jun. 5 (Korea Bizwire) — South Korea’s current account balance was in the red in April, the first deficit in seven years, due to flagging exports and increased dividend transfers, the central bank said Wednesday. The country’s current account deficit came to US$660 million in the month, marking a sharp turnaround from a $4.82 [...]