South Korea's current account registered a surplus of $6.60 billion in August 2024, according to preliminary data released by the Bank of Korea (BOK) on Wednesday. The goods account contributed significantly to the surplus, recording a $6.59 billion surplus. Exports increased by 7.1 per cent year-over-year to $57.45 billion, while imports rose by 4.9 per cent to $50.86 billion. However, the services account posted a deficit of $1.23 billion, primarily due to deficits in the travel and manufacturing services sectors. The primary income account recorded a surplus of $1.69 billion, driven by an increase in income on equity. The secondary income account posted a deficit of $0.46 billion. Attribution: Bank of Korea statement Subediting: Y.Yasser Download
