South Korea posted a record current account surplus for any August, despite weak exports, driven by declining imports.
Korean (Yonhap) News Agency said the country's current account surplus reached $9.15 billion in August, extending its surplus streak to the 28th consecutive month, according to data compiled by the Bank of Korea (BOK).
South Korea has reported a current account surplus every month since May 2023.
It also marked the highest figure on record for any August, though the surplus narrowed from the $10.78 billion posted in July.
During the first eight months of this year, the cumulative current account surplus stood at $69.3 billion, compared with $55.94 billion recorded during the same period last year.
The goods account posted a $9.4 billion surplus in August, the second largest for the month on record.
Exports fell 1.8% on-year to $56.44 billion amid weak demand for steel and chemical products, while imports dropped 7.3% to $47.04 billion on lower global energy prices.
