Lee says Korea emerging as global economic leader on record current account surplus
President Lee Jae Myung said Sunday that Korea has emerged as a leading player in the global economy, citing that the country posted the world's second-largest current account surplus among major economies in the second quarter. The country's current account surplus reached $116.63 billion in the April-June period, trailing only China's $193.72 billion, according to International Monetary Fund…
President Lee Jae Myung declared on Sunday that South Korea has emerged as a prominent player in the global economy, citing the nation's record current account surplus. According to IMF data from the Bank of Korea's Economic Statistics System, South Korea's current account surplus in the second quarter was $116.63 billion, ranking second only to China's $193.72 billion.
Lee emphasized that the Republic of Korea is transitioning from being a country that follows advanced economies to becoming a leading nation shaping the global economic landscape. He noted that South Korea's current account surplus outpaced the combined surpluses of Germany and Japan.
Moreover, Lee highlighted the success of Korean companies in global markets, particularly in the semiconductor industry, which is crucial in the era of artificial intelligence (AI). He urged the country to leverage these achievements to bolster its industrial competitiveness and enhance its potential for growth.
Written by urgent.news from The Korea Times's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
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