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S. KOREA'S CURRENT ACCOUNT MAY FALL BELOW US$10BLN.

AsiaPulse News

| April 03, 2006 | COPYRIGHT 2006 Asia Pulse Pty Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan.  All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)Copyright

SEOUL, April 3 Asia Pulse - South Korea's current account balance may fall short of its target of US$15 billion this year due to an increase in imports, a senior government official said Monday.

The country's current account balance swung to a deficit for the first time in six months in February because of a decline in the trade surplus and a widening service account shortfall, the nation's central bank said last week.

"We expect the balance to return to the black from May ... but the surplus may fall below $10 billion this ...

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