Korea posts record September current account surplus on strong exports

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Korea posts record September current account surplus on strong exports

Containers pile up at Pyeongtaek Port in Pyeongtaek, Gyeonggi on Nov. 2. [YONHAP]

Containers pile up at Pyeongtaek Port in Pyeongtaek, Gyeonggi on Nov. 2. [YONHAP]

 
Korea posted a record current account surplus for any September, buoyed by solid exports and increased dividend income, the central bank said Thursday.
 
The country's current account surplus came to $13.47 billion in September, up from $9.15 billion a month earlier, according to data from the Bank of Korea (BOK).
 

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It marked the largest surplus ever recorded for any September and the second-largest monthly figure overall.
 
The data also marked the 29th consecutive month of surplus as Korea has maintained a current account surplus every month since May 2023.
 
During the first nine months of this year, the cumulative surplus totaled $82.77 billion, compared with $67.23 billion during the same period last year, the BOK said.

Yonhap
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