The Korea Herald

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Korea’s current account surplus slips in June

By Korea Herald

Published : July 29, 2014 - 20:47

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South Korea extended its current account surplus to a 28th consecutive month in June but saw the figure slip from the previous month as the surplus for goods narrowed, central bank data showed Tuesday.

The current surplus reached $7.92 billion last month, compared with a revised $9.08 billion in May, according to the preliminary data by the Bank of Korea. The current account is the broadest measure of cross-border trade.

With the June data out, South Korea’s current account surplus for the first six months of the year came to $39.2 billion, falling shy of the BOK’s $40 billion forecast.

Earlier this month, the central bank raised its current account forecast to a surplus of $84 billion from an earlier $68 billion.

In 2013, the surplus widen to a record $79.88 billion on firm exports. (Yonhap)