SEOUL, July 7 (Yonhap) -- South Korea posted a current account surplus in May, central bank data showed Tuesday, although its surplus more than halved from a year earlier on a sharp decline in exports caused by the new coronavirus pandemic.
The country's current account surplus came to US$2.29 billion in the month, according to preliminary data from the Bank of Korea (BOK).
The reading marks a turnaround from a $3.33 billion deficit posted the previous month.
However, it also marks a sharp drop from a $5.18 billion surplus posted in May 2019.
(News Focus) No parcel day: Why S. Korean delivery workers are taking a day off on Aug. 14
Advertising controversy grips S. Korean mukbang YouTubers
Seoul's last-ditch home supply plan still in doubt over its viability
Korean foodmakers ramp up overseas push amid COVID-19 pandemic
Bumpy road lies ahead for Samsung, even after heir avoids detention