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.