South Korea has achieved the world’s second-largest current account surplus among major economies in the second quarter, according to President Lee Jae Myung. The surplus totaled $116.63 billion from April to June, placing South Korea behind China, which recorded a surplus of $193.72 billion, based on data from the International Monetary Fund and the Bank of Korea.
President Lee highlighted that this achievement signifies South Korea’s growing influence in the global economic landscape, moving beyond its previous role of following advanced economies. He noted that South Korea’s surplus surpassed the combined figures of Germany and Japan, marking a significant milestone for the nation.
The president attributed part of this success to the international performance of South Korean companies, especially in the semiconductor industry, which is essential for the development of artificial intelligence technologies. This industry has been a key driver in boosting the country’s economic standing.
President Lee emphasized the need for South Korea to build on these accomplishments by enhancing industrial competitiveness and increasing the country’s potential economic growth rate. This strategic focus aims to further solidify South Korea’s position in the global market and sustain its economic momentum.
