South Korea Posts Record Current Account Surplus, Surpassing $60B in Sept.
- Semiconductors and quarter-end export surge drives September balance to all-time high.
- (Yonhap) In September, South Korea’s current account surplus surpassed $60 billion for the first time in history, driven by strong exports centered on semiconductors.
- As the surge in semiconductor exports was compounded by the concentration of deliveries at the end of the quarter, both the goods account and the current account broke their respective all-time records.
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- Semiconductors and quarter-end export surge drives September balance to all-time high.
- (Yonhap) In September, South Korea’s current account surplus surpassed $60 billion for the first time in history, driven by strong exports centered on semiconductors.
- As the surge in semiconductor exports was compounded by the concentration of deliveries at the end of the quarter, both the goods account and the current account broke their respective all-time records.
Sources: Businesskorea