FX.co ★ South Korea Has $9.30 Billion Current Account Surplus

In November, South Korea reported a current account surplus of $9.30 billion, according to data released by the Bank of Korea on Wednesday. This marks a slight decline from October's surplus of $9.78 billion.

The goods account contributed positively with a surplus of $9.75 billion. This performance was driven by a 1.2 percent annual increase in exports, which reached $57.10 billion, while imports saw a 4.4 percent decline, totaling $47.35 billion compared to the previous year.

On the other hand, the services account experienced a deficit of $2.09 billion, primarily due to shortfalls in the manufacturing services, travel, and other business services sectors.

The primary income account achieved a surplus of $1.94 billion, largely attributed to increased interest income. Meanwhile, the secondary income account recorded a deficit of $0.30 billion.