FX.co ★ South Korea Posts Record Current Account Surplus in February

South Korea’s current account surplus widened to $23.19 billion in February 2026 from $13.26 billion in January, marking the largest surplus on record. The goods account surplus expanded sharply to $23.36 billion from $15.17 billion, driven by a 29.9% year-on-year surge in exports to $70.37 billion, which far outpaced a 4.0% rise in imports to $47.0 billion.

The services account deficit narrowed to $1.86 billion from $3.80 billion, supported by smaller shortfalls in both travel services and intellectual property use. Meanwhile, the primary income surplus eased slightly to $2.48 billion from $2.72 billion, reflecting lower income from equity investments. The secondary income deficit also narrowed modestly, to $0.79 billion from $0.83 billion.