Current Account Surplus Surpasses $10 Billion for 1st Time in a Year

  • By Yang Mo-deum

    November 07, 2018 09:50

    Korea's current account surplus exceeded US$10 billion for the first time in a year in September.

    The Bank of Korea said Tuesday the surplus stood at $10.83 billion, the highest level since it reached $12.29 billion in September last year. Brisk exports led the surplus, leaving the current account in the black for the 79th consecutive month since March 2012.

    Despite the longest-ever surplus streak, the tourism and service sectors saw heavy deficits as the amount Koreans spent overseas stood at $2.49 billion -- far higher than the $1.36 billion foreign tourists spent in Korea.

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