Seoul: The Republic of Korea posted a record current account surplus for any August, driven by declining imports and increased equity income, the central bank said Thursday. The country’s current account surplus reached US$9.15 billion in August, extending its surplus streak to the 28th consecutive month.
According to Emirates News Agency, the Republic of Korea has reported a current account surplus every month since May 2023. It also marked the highest figure on record for any August, though the surplus narrowed from $10.78 billion posted in July, reported Yonhap News Agency.
During the first eight months of this year, the cumulative current account surplus stood at $69.3 billion, compared with $55.94 billion recorded during the same period last year.