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Korea posts record $61.46B current account surplus in September
South Korea posted an all-time high current account surplus of $61.46 billion in September, driven by strong semiconductor exports, according to provisional data from the Bank of Korea released on Nov. 5. Yonhap and KBS World report the surplus was fueled by an ongoing chip supercycle, with Korea Times noting the figure exceeded $60 billion for the first time. Earlier, in the second quarter, Korea's current account surplus topped the combined surpluses of Germany and Japan for the first time on record, Yonhap and KBS World report, with Korea Times adding this was also chip-driven. Foreign currency deposits also rose to a fresh record high in September, driven by a sharp increase in dollar savings, Korea Times and Yonhap report on Oct. 28.
- Korea posts record high current account surplus of over $60 bil. in Sept. on chip supercycle
- S. Korea Posts Record Current Account Surplus of $61.46 Billion in September
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