AI chip surge lifts South Korea to record surplus, behind only China
Soaring memory prices pushed quarterly earnings past Germany and Japan combined for the first time
The current account measures a country’s trade and income with the world. It counts goods and services sold abroad, money earned on overseas investments and payments flowing the other way. A surplus means more foreign currency is coming in than going out.
Surging demand for semiconductors helped propel South Korea’s second-quarter surplus, with chip exports reaching US$113.89 billion in the three months to June, according to government figures – up 181.6 per cent from the same period last year.
