Key facts
- South Korea's current account surplus hit a record $49.73 billion in June.
- This marks the 38th consecutive month of current account surplus for South Korea.
- Surges in semiconductor exports drove the record current account surplus.
- South Korea's Finance Ministry raised its economic growth forecast for the year.
- The economic growth forecast was increased to 3%.
- The previous economic growth forecast was 2%.
- Strong export performance is a key factor in the revised growth forecast.
- Easing geopolitical uncertainties also contributed to the revised forecast.
South Korea's current account surplus achieved a new record in June, reaching $49.73 billion. This figure surpasses the previous month's record and signifies the 38th consecutive month of surplus for the nation. The primary driver behind this substantial surplus is a significant surge in semiconductor exports.