hankyoreh

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In April of this year, South Korea recorded its largest current account deficit since January 2011. The country recorded a US$3.12 billion deficit for April, compared to a US$5.96 surplus the previous month, according to data provided by the Bank of Korea (BOK). Exports decreased by 24.3% and imports by 15.9% compared to April 2019, resulting in a US$950 trade deficit. Income from international tourism income sharply declined from US$2.1 billion a year earlier to US$360 million. The number of international visitors to the country decreased by 98.2% year-on-year amid the COVID-19 pandemic.