March current account surplus hits all-time high in S. Korea

The country’s current account surplus reached 37.33 billion US dollars, surpassing the previous monthly record set in February. South Korea has now maintained a current account surplus for 35 consecutive months, marking one of the longest streaks in its history.

Exports rose sharply in March, driven largely by the technology sector. Chip shipments and computer-related products saw especially strong growth (167.5 percent rise), helping push overall exports to a record high. Imports also increased, though at a slower pace, resulting in a significant trade surplus.

BOK officials said geopolitical tensions in the Middle East, including the U.S.-Iran conflict, had little effect on trade during March. However, they noted that future developments in the region and the pace of chip exports will remain important factors for the economy in the coming months.

South Korea also posted its first travel account surplus in more than 11 years, boosted by a surge in foreign tourists attending BTS comeback concerts in Seoul and Goyang. More than 2 million foreign visitors traveled to the country in March, reflecting growing tourism demand fueled by K-pop and cultural events.

Meanwhile, the country’s financial account showed a strong rise in net assets, with overseas investments by South Korean residents increasing during the month. Foreign direct investment into South Korea also continued to grow despite foreign investors reducing some stock holdings.

Previously, Qazinform reported South Korea's exports exceed 80 billion US dollars for the second month in April.