The Korea Herald


S. Korea logs current account surplus for 2nd month in June

By Yonhap

Published : Aug. 8, 2023 - 09:19

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(Yonhap) (Yonhap)

South Korea logged a current account surplus for the second straight month in June on the back of a trade surplus and increased dividend payments from overseas, central bank data showed Tuesday.

The country's current account surplus reached $5.87 billion in June, following the $1.93 billion surplus a month earlier, according to preliminary data from the Bank of Korea.

June's surplus came as the country logged a trade surplus and dividend income increased.

The country's goods account racked up a $3.98 billion surplus in June, following a $1.82 billion surplus the previous month.

The primary income account, which tracks the wages of foreign workers and dividend payments from overseas, reported a surplus of $4.85 billion, the data showed.

But the services account suffered an extended loss in June, reaching $2.61 billion, the data showed. (Yonhap)