S. Korea logs May current account surplus of US$ 10.1 bil.

South Korea's current account remained in the black in March for the twenty-fifth month in a row logging a current account surplus of ten-point-one billion U.S. dollars in May.

According to the Bank of Korea on Friday, the figure is nearly double the number recorded in April possibly due to a slower rise in oil prices and reduced imports.

The central bank also said while this was the third-largest surplus on record for May, exports fell for the first time in four months as autos and steel struggled under U.S. tariffs.

From January to May this year, the cumulative current account surplus stood at 35-point-11 billion dollars, up eight-point-0-5 billion dollars from the same period last year.