S. Korea posts record-high current account surplus in May
The services account recorded a deficit of $1.09 billion in May, narrowing the loss from the previous month's $2.42 billion on decreasing travel deficit and...
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Summary
The services account recorded a deficit of $1.09 billion in May, narrowing the loss from the previous month's $2.42 billion on decreasing travel deficit and intellectual property-related payments. In 2025, the country posted its largest annual surplus on record at $123.05 billion, exceeding the previous high of $105.1 billion set in 2015. Exports of information technology products soared 128.9 percent from a year earlier, including a 167.7 percent surge in chip shipments and a 249.4 percent rise in computer peripherals.
Furthermore, The primary income account, which includes wages of foreign workers, as well as dividend and interest income from abroad, posted a surplus of $2.17 billion on increased dividend income. South Korea has reported a current account surplus every month since May 2023, extending its winning streak to 37 consecutive months. Containers are stacked at a port in Pyeongtaek, south of Seoul, on July 1, 2026. (Yonhap) The goods account posted a surplus of $37.86 billion in May, marking the largest, as exports surged 62.9 percent on-year to $94.34 billion, while imports went up 22.2 percent to about $56.48 billion.
In addition, The current account surplus totaled $38.61 billion in May, up from $28.29 billion the previous month, according to the data from the Bank of Korea. The secondary income account recorded a $330 million deficit. (Yonhap). SEOUL, July 8 (Yonhap) -- South Korea posted an all-time high current account surplus in May on robust exports of semiconductors, central bank data showed Wednesday.
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The services account recorded a deficit of $1.09 billion in May, narrowing the loss from the previous month's $2.42 billion on decreasing travel deficit and intellectual property-related payments.
reliability low1/2 sourcesIn 2025, the country posted its largest annual surplus on record at $123.05 billion, exceeding the previous high of $105.1 billion set in 2015.
reliability low1/2 sourcesExports of information technology products soared 128.9 percent from a year earlier, including a 167.7 percent surge in chip shipments and a 249.4 percent rise in computer peripherals.
reliability low1/2 sourcesThe primary income account, which includes wages of foreign workers, as well as dividend and interest income from abroad, posted a surplus of $2.17 billion on increased dividend income.
reliability low1/2 sourcesSouth Korea has reported a current account surplus every month since May 2023, extending its winning streak to 37 consecutive months.
reliability low1/2 sourcesContainers are stacked at a port in Pyeongtaek, south of Seoul, on July 1, 2026. (Yonhap) The goods account posted a surplus of $37.86 billion in May, marking the largest, as exports surged 62.9 percent on-year to $94.34 billion, while imports went up 22.2 percent to about $56.48 billion.
reliability low1/2 sourcesThe current account surplus totaled $38.61 billion in May, up from $28.29 billion the previous month, according to the data from the Bank of Korea.
reliability low1/2 sourcesThe secondary income account recorded a $330 million deficit. (Yonhap)
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SEOUL, July 8 (Yonhap) -- South Korea posted an all-time high current account surplus in May on robust exports of semiconductors, central bank data showed Wednesday.
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