SEOUL, Nov. 28 ( Yonhap) - The current account surplus in South Korea reached a record high in October thanks to strong exports of cars , chips and technology products , reported this Thursday , the Bank of Korea ( BOK , acronym in English ) .
According to the BOK , last month , the current account surplus reached $
The October data accounted for the highest level since January 1980, when the BOK began to collect such data .
Last month, the BOK readjusted upward its forecast current account surplus in 2013 to a record high of 63.000 million and its forecast for 2014 is 45,000 million.
The underlying trend of the surplus could support the local currency, which rose 1 percent so far this year . In the third quarter , the South Korean won appreciated 6.9 percent against the U.S. dollar in quarterly comparison.
The balance of goods in the country in October recorded a surplus of
In October , exports increased by 8.2 percent year on year to 52.23 billion dollars and imports increased by 5.6 percent to 45.2 billion dollars.
The services account , which includes spending by South Koreans on overseas trips , in October recorded a surplus of 1.65 billion dollars, compared to a surplus of 872.5 million dollars in September.
The primary income account , which tracks wages for foreign workers and dividend payments overseas, recorded a surplus of $ 786 million in October , an increase compared with a surplus of 319.9 million dollars in the previous month .
The central bank added that the capital and financial account , covering cross-border investments , recorded a net outflow of 10.1 billion in October, compared to a revised
