(MENAFN) Central bank data showed that South Korea kept the longest trend of current account surplus for 40 months, resulting in the largest surplus of over USD50 billion in the first half of this year.
Current account surplus hit the monthly high of USD12.19 billion in June, up 41.4 percent from a month earlier. The current account balance stayed in the black for the longest 40 months since March 2012.
The surplus topped the previous monthly high of USD11.32 billion in November 2014, maintaining the trend of a "recession- type" surplus in which imports fall at a faster pace than exports.
Helped by the continued monthly surplus, the first-half surplus amounted to USD52.39 billion, topping the USD50-billion mark for the first time in history. It was up 32.9 percent on-year.
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