South Korea posted a current account surplus of $5.94 billion in May, the Bank of Korea said on Wednesday.
That followed the downwardly revised $3.89 billion surplus in April (originally $4 billion).
The goods account surplus narrowed to $8.83 billion, compared to $10.86 billion a year earlier.
In the services account, despite a shift from deficit to surplus in the use of intellectual property account, the deficit was $1.69 billion - an increase from $1.07 billion a year earlier, owing to a deterioration in the travel account.
The primary income account reversed from a $0.86 billion surplus in May of last year to a deficit of $0.69 billion, in line with an increase in the payments on equity account.
The secondary income account showed a $0.52 billion deficit.
The financial account saw an overall $2.58 billion expansion in net assets in May.
Direct investment assets climbed $1.69 billion, while direct investment liabilities added $1.02 billion.
There was a $9.15 billion rise in portfolio investment assets during the month, and a $3.62 billion increase in portfolio investment liabilities.
Financial derivatives posted a net contraction of $0.41 billion.
Looking at other investment, there was a fall of $4.22 billion in assets and a decline of $0.94 billion in liabilities.
Reserve assets increased $0.08 billion.
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April 17, 2026 15:29 ET The ongoing conflict in the Middle East continues to raise concerns for policymakers who worry about the impact of the supply shock and high energy prices on the real economy. Producer price data and various survey results on the housing market were the main news from the U.S. this week. In Europe, industrial production data for the euro area gained attention. GDP figures out of China and the policy move by the Singapore central bank were in focus in Asia.