Sanaa:The country recorded a significant increase in its current account surplus in August, marking the second highest on record, driven by strong exports during the global semiconductor upswing.
According to Yonhap News Agency, the Bank of Korea reported that South Korea's current account surplus reached US$46.1 billion in August, reflecting a $4 billion rise from the previous month. This figure represents a substantial increase of $36.2 billion compared to August 2025.
The surplus in August was the second-largest following a $49.73 billion surplus recorded in June of the same year. The Bank of Korea noted that the goods account surplus was $46.81 billion, with exports surging by 82.1 percent year-on-year to $104.8 billion, while imports increased by 23.8 percent to $57.99 billion.
The central bank also highlighted a $1.92 billion surplus in the primary income account, attributed to higher income from equity. August marked the 40th consecutive month of current account surplus since May 2023. In 2025, South Korea achieved its largest annual surplus of $123.05 billion, surpassing the previous record of $105.1 billion set in 2015.