South Korea Posts $10.1 Billion May Current-Account Surplus

South Korea recorded a non-seasonally adjusted current-account surplus of $10.14 billion in May, more than doubling April’s $5.70 billion, according to official data released Thursday. May’s result extends the country’s run of current-account surpluses to 25 consecutive months, supported mainly by lower import costs. The persistent surplus provides the Bank of Korea with additional room to manage monetary policy as it monitors external demand and domestic inflation pressures.