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South Korea's $99B Surplus Driven by U.S. Chip Exports

6/22/2025

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Summary

Story summary

In 2024, South Korea celebrated a remarkable current account surplus of $99.04 billion, fueled by booming semiconductor exports to the U.S. worth $118.23 billion. Yet, the nation grappled with a $29.04 billion deficit with China. Meanwhile, its surplus with the EU climbed to $17.09 billion, as challenges with Japan and the Middle East continued.

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Story summary

In 2024, South Korea celebrated a remarkable current account surplus of $99.04 billion, fueled by booming semiconductor exports to the U.S. worth $118.23 billion. Yet, the nation grappled with a $29.04 billion deficit with China. Meanwhile, its surplus with the EU climbed to $17.09 billion, as challenges with Japan and the Middle East continued.