South Korea’s current account surplus dwindled rapidly in April from a month earlier.
 
The Bank of Korea(BOK) said on Monday that the current account surplus stood at four billion dollars in April.
 
Although it extended the surplus rally to a 62nd month since March of 2012, the current account surplus is 30-point-four percent less than the five-point-75 billion dollars recorded in March.
 
The sharp reduction was partly attributed to a record high dividend payment to foreign investors as well as growing spending overseas by local tourists.
 
Thanks to the solid exports of semiconductors, the goods account surplus rose by two-point-31 billion dollars to 11-point-93 billion dollars, or two-billion dollars more than the goods account surplus recorded in April of last year.
 
The country’s exports jumped 19-point-two percent from last April to 48-point-two billion dollars, while imports increased 18-point-six percent to 36-point-27 billion dollars.