South Korea records $3.05bn current account surplus in January, the 9th consecutive month of surplus, driven by semiconductor and auto exports.
South Korea recorded a current account surplus of $3.05bn in January, marking the ninth consecutive month of surplus. The goods account surplus reached $4.24bn, driven by increasing exports of semiconductors and automobiles. Imports decreased by 8.1%, while the services account deficit rose slightly to $2.66bn. The primary income account reported a $1.62bn surplus, and the financial account saw a net outflow of $2.81bn.
March 08, 2024
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