Current Account Surplus Hits Record High in May Driven by Strong Semiconductor Exports

Driven by a strong performance in semiconductor exports, South Korea's current account surplus reached 38.61 billion dollars in May, marking the largest monthly surplus on record.

Exports rose to 94.34 billion dollars, a 62.9% increase compared to the same month last year, while imports also grew by approximately 20% to 56.4 billion dollars, led by raw materials and capital goods.

The financial account, which tracks the inflow and outflow of capital, saw a net asset increase of 31.08 billion dollars.

However, foreign investment in domestic stocks fell by 31.05 billion dollars, marking the largest decline ever recorded.
※ Please note: This article was translated by AI and may contain errors.