South Korea's current account recorded a surplus of $2043.8 million in August coming a after a surplus of $4397.4 million in July that was revised to $4358.7 million. The goods balance surplus came in at $3463 million compared with $6165 million in July that was revised to $6126 million.

The current account surplus narrowed as sales of cars, mobile phones and ships dropped amid weak world demand. Exports declined a revised 20.9% during August which is the tenth consecutive monthly decline, worth mentioning that the Bank of Korea expected that the current account surplus will record $29 billion this year, while it may shrink to $7 billion in 2010.