S. Korea Posts Record High Current Account Surplus of over $60 Bil. in Sept. on Chip Supercycle
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7 Articles
South Korea’s Current Account Surplus Hits Record on Chip Boom
South Korea’s current-account surplus jumped to a record in September, fueled by booming semiconductor exports as global investment in artificial intelligence continues to stoke demand for the country’s technology products.
The Bank of Korea announced that the current account balance for September recorded a record-high surplus of $61.46 billion, driven by strong semiconductor exports. The trade balance and net assets in the financial account also saw their largest-ever increases, with expanded dividend income from overseas securities having a positive impact. On the other hand, the travel balance remained in deficit.
S. Korea posts record high current account surplus of over $60 bil. in Sept. on chip supercycle
South Korea posted an all-time high current account surplus of over $60 billion won in September on strong exports of semiconductors, central bank data showed Thursday. The current account surplus totaled $61.46 billion in September, up from $46.11 billion the previous month, according to the data from the Bank of Korea (BOK). It marked the largest monthly current account surplus ever, renewing the previous record of $49.73 billion set in June. …
South Korea's current account surplus in September surpassed $60 billion, setting a new all-time record. This result stems from robust exports in the information technology (IT) sector, centered on semiconductors. According to the 'September Balance of Payments (Provisional)' statistics released by the Bank of Korea on the 5th, the current account surplus amounted to $61.46 billion...
(Seoul = Yonhap News) Reporter Han Ji-hoon = As semiconductor exports continue to perform well, South Korea's current account surplus in September exceeded $60 billion, reaching an all-time high.
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