September Current Account Posts Record $61.46 Billion Surplus

[Economy 365]

Bolstered by robust semiconductor exports, South Korea's current account surplus exceeded $60 billion for the first time on record in September.

According to the Bank of Korea, the current account surplus for September came in at $61.46 billion, surpassing the previous record of $49.73 billion set in June of this year.

The cumulative surplus from January to September this year also reached $340.66 billion, more than four times the figure from the same period last year.

The goods balance recorded a historic high surplus of $62.75 billion.

While exports increased by 92.4% compared to a year earlier, shipments of semiconductors surged by 260.3% and computer peripherals such as SSDs skyrocketed by 392.3%.

Koreans' overseas securities investments rose by $16.63 billion, marking the second-highest level on record, whereas foreign investments in domestic stocks decreased by $13.74 billion.

*This article was produced with AI audio.
※ Please note: This article was translated by AI and may contain errors.