South Korea has strengthened its standing in the global economic arena by recording the world’s second-largest current account surplus among major economies in the second quarter, according to President Lee Jae Myung. Citing data from the International Monetary Fund accessed through the Bank of Korea, President Lee announced that South Korea achieved a current account surplus of US$116.63 billion between April and June, trailing only China, which posted a surplus of US$193.72 billion.
President Lee emphasized that South Korea is advancing beyond its historical role of following advanced economies and is increasingly shaping the global economic landscape. He remarked that the nation’s surplus surpasses the combined figures of Germany and Japan, highlighting South Korea’s growing influence.
The president attributed this economic achievement in part to the international accomplishments of South Korean companies, notably in the semiconductor industry. This sector plays a pivotal role in the advancement of artificial intelligence technologies, which are essential in today’s digital economy.
Looking ahead, President Lee urged South Korea to capitalize on these successes by further strengthening industrial competitiveness and enhancing its potential economic growth rate. His comments reflect a strategic vision for South Korea to sustain its economic momentum and continue contributing significantly to the global market.