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Last Update: ،
2025/11/11
Time
03:12:16
Latest News:
Chief of Staff discusses cooperation, coordination with partners
Minister al-Socotri Discusses with World Bank Delegation Implementation Development Projects
Minister of Defense discusses joint cooperation with British Military Attaché
President al-Alimi receives UK ambassador
Water Crisis Takes Center Stage: Deputy Minister Meets World Bank Officials
Latest News:
Chief of Staff discusses cooperation, coordination with partners
Minister al-Socotri Discusses with World Bank Delegation Implementation Development Projects
Minister of Defense discusses joint cooperation with British Military Attaché
President al-Alimi receives UK ambassador
Water Crisis Takes Center Stage: Deputy Minister Meets World Bank Officials
South Korea records largest current account surplus in 32 months
[06/07/2024 06:43]
SEOUL-SAB
The Bank of Korea announced on Friday that South Korea has recorded the largest current account surplus in 32 months in May, driven by a sharp increase in the trade surplus and an increase in dividend payments.
The bank said in a statement released by the Korean news agency (Yonhap) that the country's current account surplus reached $8.92 billion in May, turning from a deficit of $290 million in April.
It attributed the May surplus to a sharp increase in the country's trade surplus and an increase in dividend payments from abroad.
The May figure was the largest since September 2021 when the surplus reached $9.51 billion.
The country's goods account posted a surplus of $8.75 billion in May, marking the 14th consecutive month of surplus.
The primary income account, which tracks wages of foreign workers and dividend payments from abroad and interest income, posted a surplus of $1.76 billion in May, after a deficit of $3.33 billion in April, according to the data.
The deficit in the services account narrowed to $1.29 billion in May, from a deficit of $1.66 billion in April.
The Bank of Korea announced on Friday that South Korea has recorded the largest current account surplus in 32 months in May, driven by a sharp increase in the trade surplus and an increase in dividend payments.
The bank said in a statement released by the Korean news agency (Yonhap) that the country's current account surplus reached $8.92 billion in May, turning from a deficit of $290 million in April.
It attributed the May surplus to a sharp increase in the country's trade surplus and an increase in dividend payments from abroad.
The May figure was the largest since September 2021 when the surplus reached $9.51 billion.
The country's goods account posted a surplus of $8.75 billion in May, marking the 14th consecutive month of surplus.
The primary income account, which tracks wages of foreign workers and dividend payments from abroad and interest income, posted a surplus of $1.76 billion in May, after a deficit of $3.33 billion in April, according to the data.
The deficit in the services account narrowed to $1.29 billion in May, from a deficit of $1.66 billion in April.
Key words:
consecutive - attributed - according - announced - September - country's - statement - payments - narrowed - services -
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