(MENAFN) Central bank data showed that South Korea posted current account surplus for 39 months in a row, the longest surplus trend in history, Xinhua reported.
Current account surplus, the broadest measures of cross-border capital flow, was USD8.65 billion in May, up 6.3 percent from a month earlier, according to the Bank of Korea (BOK).
The current account balance stayed in black for 39 straight months since March 2012. For the first five months of this year, the current account surplus reached USD40.24 billion dollars, up 27.9 percent.
The recent surplus trend came as imports declined at a faster pace than exports. The continued foreign capital inflow put upward pressure on the South Korean currency to the U.S. dollar, hurting the price competitiveness.
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