South Korea Has $11.12 Billion Current Account Surplus

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South Korea Has $11.12 Billion Current Account Surplus

(RTTNews) - South Korea posted a current account surplus of $11.12 billion in September, the Bank of Korea said on Thursday - up from $6.60 billion in August.

The goods account recorded a $10.67 billion surplus as exports increased annually by 9.9 percent to $61.67 billion and as imports rose 4.9 percent to $51.00 billion, both compared to one year earlier.

The services account posted a $2.24 billion deficit owing to deficits in the travel, the manufacturing services, and the use of intellectual property accounts.

The primary income account recorded a $3.09 billion surplus due to an increase in the income on equity. The secondary income account recorded a $0.39 billion deficit.

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Bank Of Korea Stands Pat On Rates, Lifts 2025 Growth Outlook

Bank Of Korea Stands Pat On Rates, Lifts 2025 Growth Outlook

The Bank of Korea left its interest rate unchanged on Thursday as economic growth improved moderately despite high uncertainty surrounding the outlook. The Monetary Policy Board decided to hold the Base Rate at 2.50 percent. The central bank had previously lowered the benchmark rate by a quarter-point each in May and February.
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