South Korea's current account surplus shrank sharply in October from the previous month, as exports fell due to fewer working days during the Chuseok holiday. Meanwhile, the cumulative surplus for the first ten months of this year reached an all-time high, according to data released today by the Bank of Korea. According to South Korean news agency Yonhap, the country's current account surplus amounted to $6.81 billion in the past October, down from $13.47 billion in the previous month, according to the bank's data. Thus, the current account has recorded a surplus for the 30th consecutive month since May 2023, which is the second longest streak on record.
