In June, the South Korean Central Bank Records Highest Current Account Surplus

SadaNews - Data from the South Korean Central Bank, released this Thursday, showed that the highest current account surplus was recorded in June, attributed to a rise in exports.

The South Korean news agency "Yonhap" reported that the Central Bank's data revealed the current account surplus reached $14.27 billion in June, compared to $10.14 billion in May.

This marks the highest monthly surplus ever recorded, and it is the 20th consecutive month that South Korea has recorded a current account surplus, as the country has achieved a monthly surplus since May 2023.

During the first half of this year, the current account surplus amounted to $49.37 billion, compared to $40.16 billion during the same period last year.

Goods Balance

The goods balance recorded a surplus of $13.16 billion in June, as exports increased by 2.3% to reach $60.37 billion, while imports rose by 0.7% to reach $47.21 billion.

However, the services balance recorded a deficit of $2.53 billion, mainly due to demand for overseas travel.