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Will South Korea's current account balance be in surplus for Q3 2024?
4
Resolution / Starting Odds
Yes • 50%
No • 50%
Central Bank of South Korea's report on current account balance
Story
South 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.
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