South Korea Has $12.37 Billion Current Account Surplus

(RTTNews) - South Korea posted a current account surplus of $12.37 billion in December, the Bank of Korea said on Thursday - up from the upwardly revised $10.05 billion surplus in November (originally $9.30 billion).

The goods account saw a $10.43 billion surplus as exports increased annually by 6.6 percent to $63.30 billion and imports rose 4.2 percent to $52.87 billion.

The services account posted a $2.11 billion deficit owing to deficits in the manufacturing services, travel, and other business services accounts, the bank said.

The primary income account had a $4.76 billion surplus as earnings from dividends increased. The secondary income account saw a $0.71 billion deficit.

For all of 2024, the current account surplus was $99.04 billion, up from $32.82 billion in 2023.