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Korea's Q2 surplus tops Germany, Japan combined on chip boom
Korea's current account surplus in the second quarter exceeded the combined surpluses of Germany and Japan for the first time on record, fueled by rising semiconductor exports. Yonhap reports the surplus reached $116.63 billion, surpassing the $102.89 billion combined total of Germany and Japan, the first time since comparable data became available in 1996. President Lee Jae Myung said Sunday that Korea has emerged as a leading player in the global economy, citing the country's second-largest current account surplus among major economies in the second quarter.
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