SEOUL’s economic engine roared in January as the Bank of Korea reported a $13.26 billion current account surplus, the fifth-largest monthly ever, propelled by semiconductor exports exploding 102.5% year-over-year.
Down from December’s $18.7 billion but up 397.4% from January 2024, this keeps South Korea’s surplus streak alive at 33 months—the runner-up in historical longevity since May 2023.
Goods trade was the star: $15.17 billion surplus (third-best monthly), with exports at $65.51 billion (+30% YoY) versus imports of $50.34 billion (+7%). Autos added 19% growth.
Services dragged with a $3.8 billion deficit from surging outbound tourism. Primary income countered with $2.72 billion (dividend-fueled), secondary income a minor $830 million loss.
Financially, assets netted +$5.63 billion. Korean direct investment abroad: +$7.04 billion; inbound FDI: +$5.34 billion. Securities flows: locals +$13.46 billion overseas, foreigners +$4.69 billion in Korea.
Annually, 2025’s $123.05 billion obliterated 2015’s $105.1 billion record. This surge signals South Korea’s high-tech resilience amid global slowdowns, but rising service costs and geopolitical risks could temper gains. As exports anchor growth, the government touts diversification efforts to balance the books long-term.