Lee says S. Korea emerging as global economic leader on record current account surplus
SEOUL, Oct. 25 (Yonhap) -- President Lee Jae Myung said Sunday that South Korea ...
President Lee Jae Myung declared on Sunday that South Korea has ascended to a leading position in the global economy, citing the nation's second-largest current account surplus among major economies in the second quarter. The current account surplus stood at $116.63 billion, trailing only China's $193.72 billion, according to data from the International Monetary Fund (IMF) accessible through the Bank of Korea's Economic Statistics System.
Lee emphasized that South Korea is transitioning from being a nation that follows advanced economies to becoming a leading nation shaping the global economic landscape. He highlighted that the country's current account surplus surpassed the combined surpluses of Germany and Japan. Lee also recognized the accomplishments of Korean companies in international markets, particularly in the semiconductor industry, which is crucial in the era of artificial intelligence (AI).
He urged the nation 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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