S. Korea’s financial account posts $4.93b surplus in August ’24

South Korea’s financial account recorded a net increase of $4.93 billion in August 2024, primarily driven by growth in direct investment and portfolio investment assets, as per a report released by the Bank of Korea on Wednesday.

Direct investment assets surged by $4.46 billion, while liabilities rose by $1.21 billion, resulting in a net increase of $3.25 billion.

Portfolio investment assets saw a significant surge of $8.64 billion, partially offset by an increase in liabilities of $2.62 billion. This led to a net increase of $6.02 billion in portfolio investment.

Attribution: The Bank of Korea report

Subediting: Y.Yasser