S. Korea Logs Current Account Surplus for 5th Month in September.

Seoul: South Korea racked up a current account surplus for the fifth consecutive month in September, driven by robust exports, central bank data showed Thursday. The country's current account surplus reached US$11.12 billion in September, marking a surplus for the fifth consecutive month following a $6.5 billion surplus in August. According to Yonhap News Agency, the country's goods account recorded a $10.67 billion surplus in September, up from a $6.52 billion surplus in the previous month. This growth was underpinned by a 9.9 percent year-on-year increase in outbound shipments, totaling $61.67 billion. Meanwhile, imports rose by 4.9 percent to $51 billion over the same period. The primary income account, which includes wages of foreign workers, dividend payments from overseas, and interest income, reported a $3.09 billion surplus in September. This was a significant increase from the $1.69 billion surplus recorded in August. However, the services account deficit widened to $2.24 billion, compared to a $1. 23 billion deficit in the previous period.