S. Korea logs record current account surplus in July on strong exports

South Korea posted its largest current account surplus for any July, driven by solid exports.

The Bank of Korea said on Thursday that the country's current account surplus reached 10-point-78 billion US dollars in July, extending its streak of surpluses for the 27th consecutive month.

The goods account logged a 10-point-27 billion dollar surplus for the month, as exports advanced 2-point-3 percent from the same month last year.

This was mainly driven by semiconductor exports, which surged by more than 30 percent year-on-year, while those of automobiles also rose more than 6 percent.