South Korea current account surplus soars

South Korea’s current account surplus hit an eight-month high at $8.68 billion in May, keeping a surplus trend for 75 months in a row, central bank data showed on Thursday. Current account balance, the broadest measure of cross-border capital flows, was $8.68 billion in May, staying in the black for 75 months since March 2012, according to the Bank of Korea. The May figure was the highest since September last year, rebounding from a six-year low of $1.77 billion in the previous month. The rebounding current account surplus was led by robust global demand for locallymade semiconductors.