First Q1 current account deficit in 11 years in South Korea

The Bank of Korea released data on Wednesday showing that the first three months of 2023 saw a deficit in South Korea's current account balance for the first time in 11 years due to weak exports. A record-high loss of $4.21 billion in January followed by $520 million in February contributed to a $4.46 billion deficit for the first quarter. Since the first quarter of 2012, this was the first time the quarterly figure had been negative. The ....