S. Korea logs smaller current account surplus in April

South Korea's current account surplus narrowed in April from the previous month on smaller trade gains and an increase in foreign investors' dividend repatriation, the central bank said Wednesday.

The current account surplus reached US$3.97 billion in April, compared with a revised surplus of $4.93 billion the previous month, according to the Bank of Korea (BOK). The current account is the broadest measure of cross-border trade.

The April reading marked the 15th straight month of a surplus run and the cumulative surplus amounted to $13.94 billion in the first four months of this year.