Photorealistic illustration of South Korea's record current account surplus, showing banknotes, semiconductor chips, and national landmarks.
Photorealistic illustration of South Korea's record current account surplus, showing banknotes, semiconductor chips, and national landmarks.
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South Korea logs record current account surplus in March

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The Bank of Korea reported that South Korea posted its largest-ever monthly current account surplus of $37.33 billion in March, driven by strong semiconductor exports.

The current account surplus in March rose sharply from $23.19 billion in February. It marked the 35th straight month of surpluses since May 2023.

Exports surged 56.9 percent year-on-year to a record $94.32 billion. Semiconductor and IT product shipments led the growth. Imports rose 17.4 percent to about $59.24 billion.

The travel account posted a $140 million surplus thanks to BTS concerts in Seoul and Goyang. This was the first such surplus in more than 11 years since November 2014. A BOK official noted that Middle East tensions may affect April figures but are unlikely to alter the overall trend.

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Users on X reacted positively to South Korea's record current account surplus, linking it to AI-driven semiconductor exports and noting potential KRW boosts, while a few questioned if the surge is sustainable or a one-off.

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Seoul skyline at night celebrating South Korea's record $23.19 billion current account surplus from semiconductors and exports.
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South Korea posts largest-ever current account surplus in February

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South Korea recorded its largest-ever monthly current account surplus of $23.19 billion in February, according to Bank of Korea data. The figure was driven by a semiconductor upcycle and robust exports. It sharply exceeded January's $13.26 billion and surpassed the previous record of $18.7 billion set in December 2025.

South Korea's exports exceeded $85.89 billion in April, topping $80 billion for the second consecutive month. The figure jumped 48 percent from a year earlier, driven by robust semiconductor shipments. The trade surplus reached $23.77 billion, marking the second straight month above $20 billion.

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South Korea's exports rose 36.7 percent year-on-year to a record $25.2 billion in the April 1-10 period, fueled by strong semiconductor demand. Korea Customs Service data showed imports up 12.7 percent to $22.1 billion, resulting in a $3.1 billion trade surplus.

South Korea's real GDP jumped 1.7 percent in Q1 2026 from the prior quarter—the strongest growth in 5½ years—despite Middle East tensions, easily topping the Bank of Korea's 0.9 percent forecast on robust exports and steady domestic demand. Part of the rebound following 2025's modest 1% annual expansion (see prior article in series).

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Government data shows that outbound online sales by South Korean businesses reached a record 3.02 trillion won in 2025, marking the third consecutive year of growth. This represents a 16.4 percent increase from the previous year. Sales rose notably in the United States and China, but fell in ASEAN countries.

Leading online lender KakaoBank reported record first-quarter earnings on Wednesday due to one-off income. Net profit for January-March rose 36.3 percent year-on-year to 187.3 billion won ($128.4 million). The company attributed the gain to its investment in Indonesian digital bank Superbank's recent listing.

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South Korea's savings banks recorded a combined net profit of 417 billion won (US$278 million) in 2025, turning from a loss the previous year. The recovery was driven by a 455 billion won drop in loan-loss reserves and falling delinquency rates.

 

 

 

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