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South Korea's current account surplus for January was $13.8 billion, the fifth-largest on record, attributed to a 102% rise in semiconductor exports. The goods balance recorded a surplus of $15.17 billion, with total exports hitting $65.51 billion, a 30% increase year-on-year.

Imports rose 7% to $50.34 billion. The services balance showed a deficit of $3.8 billion, with the travel balance at a deficit of $1.74 billion. Residents' investment in overseas securities totaled $13.46 billion. Concerns exist regarding the potential impact of the U.S.-Iran war on the current account, although the immediate effect is deemed minimal.