Loading...
Loading...
Browse all stories on DeepNewz
VisitSouth Korea's Current Account Surplus Hits $8.92 Billion in May, Largest in 32 Months
Jul 4, 2024, 11:30 PM
South Korea's provisional May current account balance reached a surplus of $8.92 billion, a significant improvement from April's deficit of $0.29 billion, according to the central bank. This marks the highest level since September 2021. The current account surplus for the period from January to May 2024 totaled $25.47 billion, up from $5.03 billion in the same period last year. The gains were driven by exports of chips, smartphones, and cars, as well as dividends reaped by investors from abroad. The surplus of $8.9225 billion is the largest monthly surplus in 32 months.
View original story
Markets
No • 50%
Yes • 50%
Central Bank of South Korea's report on current account balance
No • 50%
Yes • 50%
Central Bank of South Korea's report on current account balance
Yes • 50%
No • 50%
Central Bank of South Korea's report on current account balance
Surplus > $8 billion • 25%
Deficit • 25%
Surplus between $0 and $5 billion • 25%
Surplus between $5 billion and $8 billion • 25%
Central Bank of South Korea's report on current account balance
Surplus between $0 and $5 billion • 25%
Deficit • 25%
Surplus > $8 billion • 25%
Surplus between $5 billion and $8 billion • 25%
Central Bank of South Korea's report on current account balance
Surplus between $0 and $10 billion • 25%
Deficit • 25%
Surplus > $20 billion • 25%
Surplus between $10 billion and $20 billion • 25%
Central Bank of South Korea's report on current account balance