SEOUL, Dec 30 (Reuters) - South Korea's current account swung to a seasonally adjusted deficit of $345.6 million in November from a revised $3.26 billion surplus in October, central bank data showed on Tuesday.
But before seasonal adjustment, South Korea posted a current account surplus of $2.06 billion in November, compared with a revised $4.75 billion surplus in October, the Bank of Korea said in a statement.
For the first 11 months of the year, South Korea produced a seasonally adjusted current account deficit of $8.15 billion, reversing from a $7.02 billion surplus for the same period in 2007.
The accumulated figures underlined expectations the country will produce its first full-year current account deficit in 11 years in 2008.
Meanwhile, separate data released by the central bank at the same time showed that South Korea's overseas borrowing fell by a net $10.2 billion in November after a net decline of $20.4 billion in October.
South Korea's provisional current account data (balance, seasonally adjusted, in millions of dollars, rounded):
Nov *Oct *Sept Current account -345.6 3,260.2 -2,650.0
Goods account -721.6 1,868.2 -1,632.6
Services account -519.5 -431.5 -1,300.3
Income account 443.0 1,216.2 255.7
Current transfer 452.4 607.3 27.2 ^Capital account -12,140.9 -24,834.8 -4,388.3 * revised ^ unadjusted for seasonal patterns (Reporting by Cheon Jong-woo; Editing by Jonathan Hopfner)