South Korea posted a current account surplus for the 32nd straight month in October on a rise in exports and a fall in dividend payments overseas, data showed Thursday.
The current account surplus reached $9.01 billion last month, compared with a revised $7.41 billion in September, according to the preliminary data by the Bank of Korea. The current account is the broadest measure of cross-border trade.
With the October data, the country’s accumulated current account surplus during the January-October period totaled $70.66 billion, which is equivalent to 84 percent of its $84 billion annual forecast. It also compares with $68.32 billion in the same period last year.
The balance of goods came in at $8.66 billion in October, up from a $7.41 billion surplus in the previous month. (Yonhap)
