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Korea's Q2 Current Account Surplus Tops Germany, Japan Combined
South Korea's current account surplus in the second quarter exceeded the combined surpluses of Germany and Japan for the first time on record, driven by robust semiconductor exports, according to reports from Yonhap and KBS World. President Lee Jae Myung cited the achievement as evidence that Korea has emerged as a global economic leader, noting the country posted the world's second-largest current account surplus among major economies during this period. Korea Times reports that the surplus topped the combined total of the two manufacturing powerhouses for the first time since comparable data became available.
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