South Korea records largest current account surplus in 32 months

Presidential Decisions Bring Historic Gains for Yemeni Women

The recent republican decisions issued yesterday, Thursday, marked a new turning point in promoting the participation of Yemeni women in decision-making positions. The decisions included the appointment of Dr. Afrah Abdulaziz Al-Zouba as Minister of Foreign Affairs and Expatriates, making her the first woman in the country's history to hold this sovereign portfolio. Moreover, Dr. Ahd Mohammed Salem Jaasous was appointed Minister of Local Administration, becoming the first woman to take on this ministry since the establishment of the republic.

U.S. Extends Work Permits for Temporary Protected Status Holders

The U.S. administration has extended work permits for hundreds of thousands of migrants from Haiti and six other countries who are protected under the Temporary Protected Status (TPS) program, just hours before the permits were due to expire.

Oil price tops $100 a barrel

Oil prices jumped above $100 per barrel today, Monday, as the U.S. Navy prepares to take control of ship movements in the Strait of Hormuz.

England Claim FIFA World Cup 2026 Bronze with Victory over France

England secured third place at the 2026 FIFA World Cup after defeating France 6-4 in the third-place playoff on Saturday.

Last Update: ، 2026/07/25 Time 09:30:24
Latest News:

Yemeni Ambassador, Chinese Official Discuss Houthi Threats to International Shipping

Yemeni Ambassador Says Houthi Militia Advances Iran's Regional Agenda

Yemen’s Ambassador Discusses Developments in Yemen, Iranian Violations with Lebanese Information Minister

Republican Decree About Limited Cabinet Reshuffle in Dr. Shaya Zindani's Government

France Condemns Houthi Militias Attacks in Red Sea, Confirms its Commitment to Protecting Navigation ..

South Korea records largest current account surplus in 32 months

[06/07/2024 06:43]

SEOUL-SAB
The Bank of Korea announced on Friday that South Korea has recorded the largest current account surplus in 32 months in May, driven by a sharp increase in the trade surplus and an increase in dividend payments.

The bank said in a statement released by the Korean news agency (Yonhap) that the country's current account surplus reached $8.92 billion in May, turning from a deficit of $290 million in April.

It attributed the May surplus to a sharp increase in the country's trade surplus and an increase in dividend payments from abroad.

The May figure was the largest since September 2021 when the surplus reached $9.51 billion.

The country's goods account posted a surplus of $8.75 billion in May, marking the 14th consecutive month of surplus.

The primary income account, which tracks wages of foreign workers and dividend payments from abroad and interest income, posted a surplus of $1.76 billion in May, after a deficit of $3.33 billion in April, according to the data.

The deficit in the services account narrowed to $1.29 billion in May, from a deficit of $1.66 billion in April.