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Current Account Posts Surplus for 5th Straight Month in September

Written: 2023-11-08 08:36:05Updated: 2023-11-08 08:42:40

Current Account Posts Surplus for 5th Straight Month in September

Photo : KBS News

South Korea logged a current account surplus for the fifth consecutive month in September.

According to data from the Bank of Korea on Wednesday, the country’s current account surplus for the month reached five-point-42 billion U.S. dollars.

While the current account has remained in the black for five months in a row, the combined surplus for the first nine months stood at 16-point-five billion dollars, 65 percent of the sum for the same period of last year.

Individually, the goods account marked seven-point-42 billion dollars, logging a surplus for six straight months.

Exports decreased two-point-four percent on-year in September, falling for the 13th consecutive month since last September, while imports slipped 14-point-three percent on-year to 48-point-two billion dollars.

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