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S. Korea's current account surplus reaches US$10.83 bln in Sept.
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승인 2018.11.06  
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South Korea's current account remained firmly in the black in September despite a slight decrease in goods surplus, central bank data showed Tuesday.

The country's current account surplus came to US$10.83 billion in September, down from $12.29 billion a year earlier, according to the preliminary data from the Bank of Korea (BOK). The number rose from a month earlier when it stood at $8.44 billion.

It is the first time in one year that the favorable balance surpassed the $10 billion mark.

 Asia's fourth-largest economy has maintained a current account surplus for 79 straight months since March 2012.

The goods account surplus declined to $13.24 billion in September from $14.98 billion a year earlier due to a 8.2 percent drop in exports for the one-month period.

It is the first on-year fall in the goods current surplus since October 2016, when the figure backtracked 6.9 percent.

The service account remained in the red, logging $2.52 billion in deficit for the month, narrowing slightly from $2.88 billion a year ago.

In particular, the deficit in the travel account also contracted on-year to $1.13 billion in September from $1.31 billion as a growing number of foreigners arrived in the country.

Some 1.3 million foreigners came to South Korea in September alone, up 18.5 percent from a year earlier, while the number of South Koreans who went abroad edging down 0.5 percent to 2.2 million.

The primary income account surplus fell to $670 million in September from $1.25 billion the previous month. (Yonhap News)

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