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Economic Bulletin (Vol. 32 No.5)

Economic Bulletin (Vol. 32 No.5)

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The Green Book: Current Economic Trends
1. Global economy
2. Private consumption
3. Facility investment
4. Construction investment
5. Exports and imports
6. Mining and manufacturing production
7. Service sector activity
8. Employment
9. Financial markets
9.1 Stock market
9.2 Exchange rate
9.3 Bond market
9.4 Money supply & money market
10. Balance of payments
11. Prices and international commodity prices
11.1 Prices
11.2 International oil and commodity prices
12. Real estate market
12.1 Housing market
12.2 Land market
13. Composite indices of business cycle indicators

Policy Issues
The 2011 guidelines on budgeting

Economic News Briefing
The Green Book: Current Economic Trends
1. Global economy
2. Private consumption
3. Facility investment
4. Construction investment
5. Exports and imports
6. Mining and manufacturing production
7. Service sector activity
8. Employment
9. Financial markets
9.1 Stock market
9.2 Exchange rate
9.3 Bond market
9.4 Money supply & money market
10. Balance of payments
11. Prices and international commodity prices
11.1 Prices
11.2 International oil and commodity prices
12. Real estate market
12.1 Housing market
12.2 Land market
13. Composite indices of business cycle indicators

Policy Issues
The 2011 guidelines on budgeting

Economic News Briefing

More info:

Published by: Republic of Korea (Korea.net) on May 20, 2010
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10/26/2011

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Korea’s current account surplus expanded in March to record US$1.69 billion from US$170
million a month earlier.

The goods account surplus rose to post US$4.36 billion from the previous month’s US$1.56
billion thanks to robust export growth of semiconductors and cars.

The service account deficit increased to US$2.10 billion from US$1.78 billion a month earlier
due to the won’s appreciation and increased demand for overseas travels amid an economic
recovery.

The income account turned to a deficit of US$260 million from a surplus of US$550 million a
month earlier due to a decrease in the interest account surplus as well as seasonal factors
including dividend payments by corporations whose fiscal year ends in December.

The current transfer account deficit expanded to US$310 million from the previous month’s
US$160 million as outward remittance increased amid the won’s appreciation.

The capital and financial account in March posted a net inflow of US$1.12 billion.

The direct investment account narrowed the net outflow to register US$200 million from the
previous month’s deficit of US$760 million as locals’ overseas investment was down while
outbound foreign direct investment (FDI) shifted to a net inflow.

The portfolio investment account expanded the net inflow to record US$7.72 billion from
US$3.13 billion a month earlier due to a surge in foreign investment into the Korean bond
and stock markets amid a rapid recovery of the Korean economy.

The net inflow in the financial derivatives account slightly shrank to post US$210 million
from US$250 million in the previous month as profits from overseas financial derivative
transactions decreased.

The other investment account deficit soared to US$6.54 billion from the previous month’s
US$2.32 billion due to increased overseas deposit, and net redemption of overseas
borrowings as well as trade credits by domestic financial institutions.

The current account in April is likely to record a surplus of around US$ 1.5 billion in April as
the goods account surplus expanded despite higher dividend payments to foreigners.

Capital & financial account balance (US$ billion)

8.68 (Q2 2009) 14.40 (Q3) 4.77 (Q4) 5.84 (Q1 2010); 0.25 (Feb 2010) 1.12 (Mar)

Current account

- Goods balance

- Service balance

- Income balance

- Current transfers

(US$ billion)

2009

2010

2008

Annual

-5.78

5.67

-16.67

5.90

-0.67

Annual

42.67

56.13

-17.20

4.55

-0.81

Q1

8.62

8.31

-1.93

0.92

1.31

Q2

13.10

17.58

-4.17

0.29

-0.60

Q3

10.40

14.70

-5.33

1.69

-0.66

Q4

10.56

15.54

-5.77

1.65

-0.86

Q1

1.23

7.29

-6.04

0.76

-0.78

Feb

0.17

1.56

-1.78

0.55

-0.16

Mar

1.69

4.36

-2.10

-0.26

-0.31

Source: The Bank of Korea

Economic Bulletin 31

Capital & financial account balance

Source: The Bank of Korea (balance of payments trend)

Travel balance

Source: The Bank of Korea (balance of payments trend)

Current account balance

Source: The Bank of Korea (balance of payments trend)

10-1

10-2

10-3

32May 2010

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