In a recent report, it was revealed that South Korea achieved its largest current account surplus in 32 months in May. This was primarily driven by a significant increase in the trade surplus and higher dividend income. The country's current account surplus for May amounted to $8.92 billion, marking a substantial turnaround from the previous month's deficit of $290 million. This surplus is the highest recorded since September 2021, when it reached $9.51 billion. Furthermore, the first five months of the year saw a current account surplus of $25.47 billion, a notable improvement from the $5.03 billion deficit during the same period last year. Despite potential challenges such as uncertain economic conditions and fluctuating oil prices, the central bank cautiously anticipates that the year's current account surplus will exceed initial expectations. The surge in May's surplus was attributed to a sharp increase in the trade surplus and higher dividend payments from overseas. Specifically, the goods account registered a surplus of $8.75 billion in May, following a surplus of $5.11 billion in the previous month. This was driven by a notable 11.1 percent year-on-year increase in exports, reaching $58.95 billion, while imports declined by 1.9 percent to $50.20 billion. Additionally, the primary income account, which tracks foreign workers' wages, dividend payments from overseas, and interest income, reported a surplus of $1.76 billion in May, a significant shift from the $3.33 billion deficit in April. Moreover, the services account deficit narrowed to $1.29 billion in May from a deficit of $1.66 billion in the previous month.