Korea Posts Record-High Current Account Surplus Again in June on Strong Chip Exports
9 Articles
9 Articles
AI-Driven Chip Boom Lifts Korean Current Account to Fresh Record
The Bank of Korea announced on the 6th that the current account surplus for June reached $49.73 billion. This marks a new all-time high for the second consecutive month, following the previous month ($38.61 billion). The cumulative current account surplus from January to June stood at $191.01 billion, surpassing last year's record high of $123.0528 billion. If this trend continues, it is highly likely to exceed the forecast of $250 billion prese…
(Seoul = Yonhap News) Reporter Han Ji-hoon = Thanks to strong semiconductor exports, South Korea recorded its largest-ever trade surplus of over 70 trillion won last June.
South Korea’s record current account surplus reshapes the won’s outlook
South Korea posted a record current account surplus of $49.73 billion in June as surging semiconductor exports widened the goods surplus for a second consecutive month, the Bank of Korea (BOK) said Thursday. The goods balance reached $47.89 billion, up from $14.4 billion a year earlier, as exports rose 84.5% to $112.37 billion and imports […]
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