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South Korea Posts Record $10.78B Current Account Surplus

9/5/2025

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Summary

Story summary

South Korea reported a record current account surplus of $10.78 billion in July, fueled by semiconductor and car exports.
This surplus marks the 27th month in a row, totaling $60.15 billion for the first seven months of 2025.
Exports increased by 2.3% to $59.78 billion, while imports fell by 0.9% to $49.51 billion.
The Bank of Korea noted that U.S. tariffs are affecting exports, especially in the auto and steel sectors.
Despite challenges, strong semiconductor demand is anticipated due to ongoing AI investments.
The services account showed a $2.14 billion deficit, primarily from overseas travel.

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Story summary

South Korea reported a record current account surplus of $10.78 billion in July, fueled by semiconductor and car exports.
This surplus marks the 27th month in a row, totaling $60.15 billion for the first seven months of 2025.
Exports increased by 2.3% to $59.78 billion, while imports fell by 0.9% to $49.51 billion.
The Bank of Korea noted that U.S. tariffs are affecting exports, especially in the auto and steel sectors.
Despite challenges, strong semiconductor demand is anticipated due to ongoing AI investments.
The services account showed a $2.14 billion deficit, primarily from overseas travel.