S. Korea posts record high...
Updated : 2025-12-05 21:14:33 KST
S. Korea posts record high cumulative account surplus during Jan. to Oct.
South Korea's current account sees a smaller on-month surplus in October but analysts point out the cumulative current account surplus for the first ten months of this year has hit a fresh high. Our Park Jun-han reports. South Korea's 30-month-long current account surplus continued in October. The current account shows the balance of imports and exports as well as other money flows into and out of the country. The Bank of Korea announced on Friday that the preliminary current account surplus registered for October stood at 6-point-81 billion U.S. dollars. This is about 50 percent lower than September's 13-point-4-7 billion dollars.
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current account 경상수지
on-month 1달 기준
cumulative current account surplus 누적 경상수지 흑자
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However, the central bank stated that the difference was largely due to fewer working days during the extended Chuseok holiday and the absence of large one-off exports of ships. "South Korea posted a 6-point-81 billion-dollar current account surplus in October, but the surplus narrowed sharply from the previous month, mainly due to temporary factors such as fewer business days during the Chuseok holiday, which reduced the goods balance."
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one-off 단 한 번의, 단발성의
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Meanwhile, the cumulative current account surplus from January to October this year hit a record high. The total current account surplus during the period reached 89-point-58 billion dollars. This is 17 percent higher than the same period last year, when it stood at 76-point-63 billion dollars. "Although October's current account surplus declined from the previous month due to several temporary factors, the holiday variable disappears in November, and with South Korea recording all-time-high semiconductor exports and generating a significant trade surplus, the current account surplus is expected to recover to the strong level of more than 10 billion dollars."
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According to projections by the Korea International Trade Association, South Korea is expected to surpass 700 billion dollars in exports for the first time in 2025. The association claimed that the country will deliver even stronger results in 2026, projecting that semiconductors and ships will drive the momentum for robust export growth. Park Jun-han, Arirang News.
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영어 원문 출처 및 동영상 링크;
arirang news/Economy
https://m.arirang.com/news/view?id=290134
