Breaking News August current account surplus of $6.6 billion... "Semiconductor exports strong"

The current account surplus reached $6.6 billion in August, the fourth straight month of the current account surplus.

The current account surplus reached $6.6 billion in August as exports, led by IT items, rose for the 11th straight month, according to the Bank of Korea.

However, the surplus shrank by $2.37 billion compared to July.

Although exports of non-IT items mostly fell, IT devices and semiconductors, ships and petroleum products led the increase in exports.

As overseas travel increased in the summer, the travel account recorded a deficit of $1.42 billion, widening the deficit compared to July.