South Korea Records Biggest Ever Monthly Current Account Surplus

South Korea recorded its largest-ever current account surplus of $14.27 billion in June 2025, surpassing the previous month's $10.14 billion and marking the highest monthly surplus since records began in 1980. This surplus extends the country's streak to 26 consecutive months of positive balances, driven primarily by strong exports of semiconductors, pharmaceuticals, and computer peripherals, which rose 2.3% year-on-year to $60.37 billion. Imports increased modestly by 0.7% to $47.21 billion. Despite a $2.53 billion deficit in the services account due to increased overseas travel and fewer inbound visitors, the primary income account saw a $4.16 billion surplus supported by higher equity income and dividend earnings. Officials noted that while U.S. tariffs might impact exports in the second half of the year, robust chip exports and dividend income are expected to sustain the current account surplus. The overall economic outlook remains positive with expectations for continued substantial surpluses in the near term.