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Economy And The Numbers

South Korea May Current Account Surplus $8.64 Billion

By RTTNews Staff Writer   ✉   | Published:   | Follow Us On Google News
rttnewslogo20mar2024

South Korea had a current account surplus of $8.64 billion in May, the Bank of Korea said on Thursday, marking the highest monthly surplus ever.

That more than doubles the April surplus of $3.97 billion.

The financial account saw a net outflow of $11.58 billion, up sharply from $2.57 billion in the previous month, while the capital account had a deficit of $0.02 billion.

Seasonally adjusted, the current account surplus was $7.82 billion, up from $4.8 billion in April.

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