SEOUL, April 08 (AJP) - South Korea’s current account surplus reached an all-time monthly high in February, according to data released by the Bank of Korea (BOK) on Wednesday. This marks the first time the monthly surplus has ever exceeded the $20 billion threshold.
The nation’s current account posted a surplus of $23.19 billion in February, smashing the previous monthly record of $18.7 billion set just two months ago in December.
With this latest figure, South Korea has maintained a current account surplus for 34 consecutive months, the second-longest streak in the country's history.
The record-breaking performance was largely driven by a surge in the goods account, which posted a surplus of $23.36 billion—an increase of more than $8 billion from the previous month. This also set a new record, far surpassing the $18.85 billion recorded in December last year, and marked the 35th consecutive month of surplus for the goods account.
The services account remained in the red for the 45th consecutive month, posting a deficit of $1.86 billion. However, the shortfall narrowed significantly compared to the $3.8 billion deficit recorded in the previous month.
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