FX.co ★ South Korea August Current Account Surplus $6.60 Billion

In August, South Korea recorded a current account surplus of $6.60 billion, a decrease from the $8.97 billion surplus reported in July, according to the Bank of Korea's latest data released on Tuesday.

The goods account registered a surplus of $6.59 billion as exports rose by 7.1% year-over-year, reaching $57.45 billion, while imports grew by 4.9% to total $50.86 billion.

The services account experienced a deficit of $1.23 billion, primarily attributed to shortfalls in both travel and manufacturing services sectors.

A $1.69 billion surplus was noted in the primary income account, largely due to an increase in income from equities. Conversely, the secondary income account reflected a deficit of $0.46 billion.

Regarding the financial account, net assets saw an increase of $4.93 billion in August.