South Korea recorded an all-time high current account surplus of $38.61 billion in May, driven by strong semiconductor exports, Bank of Korea data showed.
The Bank of Korea reported on July 8 that the current account surplus reached $38.61 billion in May, up from $28.29 billion the previous month. This surpassed the prior record of $37.93 billion set in March.
The figure was also sharply higher than $9.91 billion a year earlier. South Korea has now posted a current account surplus for 37 straight months since May 2023.
The goods account showed a $37.86 billion surplus as exports jumped 62.9 percent to $94.34 billion. Information technology product exports surged 128.9 percent.
A BOK official said the first-half surplus is likely to exceed the $151.5 billion target and the full-year total will probably top the earlier $250 billion forecast.
