South Korea's 2024 current account surplus hit a record $99.04 billion, driven by robust exports.

South Korea's current account surplus in 2024 hit a record $99.04 billion, more than tripling from the previous year. This surge was fueled by strong exports, which rose 8.2% to a new high of $683.8 billion, and increased dividend income. Despite this, the services account showed a $2.11 billion deficit due to higher overseas travel. The Bank of Korea forecasts a surplus of $80 billion for 2025, though risks include trade uncertainties and potential tariffs.

2 months ago
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