SEOUL, Aug. 7 (Korea Bizwire) — South Korea recorded its largest-ever current account surplus in June, driven by rising exports of semiconductors and other key items, central bank data showed Thursday. The country’s current account surplus reached US$14.27 billion in June, up from $10.14 billion the previous month, according to the data compiled by the [...]
SEOUL, April 8 (Korea Bizwire) — South Korea logged a current account surplus for the 22nd consecutive month in February on rising exports, central bank data showed Tuesday. The country’s current account surplus reached US$7.18 billion in February, following a $2.94 billion surplus the previous month, according to the data compiled by the Bank of [...]
SEJONG, June 29 (Korea Bizwire) — South Korea aims to increase its outbound investment by US$15 billion annually through an overhaul of tax schemes and more overseas investment by the state pension fund that can help offset some of the fallout from the country’s ballooning current account surplus, the government said Monday. The bold measures [...]
SEOUL, May 4 (Korea Bizwire) — South Korea’s monthly current account surplus rose to a four-month high in March, extending its surplus streak to a 37th straight month, data showed Monday. The current account surplus hit US$10.39 billion in March, nearly doubling from a $6.44 billion surplus in the previous month, according to the provisional data [...]