SEOUL, 6th February, 2025 (WAM) -- The Republic of Korea's current account surplus for 2024 more than tripled from a year earlier, led by strong exports and increased dividend income, central bank data showed Thursday.
The country's current account surplus reached US$99.04 billion last year, following a surplus of $32.82 billion in 2023, according to data from the Bank of Korea (BOK).
According to Yonhap News Agency, the 2024 figure marked the second-largest amount ever and surpassed the government's forecast of a surplus of $90 billion.
In December alone, the current account surplus amounted to $12.37 billion, which marked the largest reading for any previous December and the third-highest monthly figure ever.
The BOK said its adjusted data showed that the country has reported a current account surplus for the 20th consecutive month in December.