Korea posts $5.87 billion current account surplus in June, biggest in a year

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Korea posts $5.87 billion current account surplus in June, biggest in a year

Published: 08 Aug. 2023, 09:54

Containers stacked up at a port in Busan on Aug. 1. [NEWS1]

Korea logged $5.87 billion in current account surplus in June, the second straight month the balance has stayed positive.

The June figure was a dramatic jump from $1.93 billion tallied in May and was the largest surplus since the same month last year ($6.06 billion), the Bank of Korea’s preliminary data showed Tuesday.

The surplus in June was helped by the goods account, which recorded a $3.98 billion surplus, and primary income logged a $4.85 billion surplus. But the services account posted a $2.61 billion deficit largely due to the travel account.

BY JIN MIN-JI [[email protected]]