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South Korea’s Current Account Surplus Hits Record on Chip Boom

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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 current-account surplus widened to $61.5 billion from $46.1 billion in August, according to Bank of Korea data released Thursday. The figure surpassed the previous record of $49.7 billion set in June,...

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 current-account surplus widened to $61.5 billion from $46.1 billion in August, according to Bank of Korea data released Thursday. The figure surpassed the previous record of $49.7 billion set in June, marking the first time the monthly surplus exceeded $60 billion, the bank said.
South Korea’s (LOCATION) Bank of Korea (ORG)
Originally published by Bloomberg Technology Read original →