Though Republic of Korea current account balance fluctuated substantially in recent years, it tended to increase through 1997 - 2016 period ending at 98.7 billion US dollars in 2016.The description is composed by Yodatai, our digital data assistant. Have a question? Ask Yodatai ›
Current account is all transactions other than those in financial and capital items. The major classifications are goods and services, income and current transfers. The focus of the BOP is on transactions (between an economy and the rest of the world) in goods, services, and income.
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