South Korea's current account surplus hits $116.6B, surpassing Germany and Japan combined
Semiconductor export boom drives Q2 surplus to historic high, second only to China's globally.
What to know
- South Korea's Q2 current account surplus of $116.63 billion is the first to exceed Germany and Japan's combined total since tracking began in 1996.
- The surge was driven primarily by semiconductor export boom, fueled by rising global chip prices and strong demand.
- South Korea now ranks second globally in current account surplus, behind only China.
South Korea Subject economy
The record 3 articles and posts · last 20 days
- summary covers to here · Oct 25, 9:10 AM · 1 piece above arrived after
What people are saying 7 voices from 1 site · verbatim
- Oct 27
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idk about Japan but Germany is finished unless there are some major political upheavals
- Oct 25
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Would dems be bad for the stock market? Trump is unlikely to win. He should not have started a war with Iran.
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Well it's the No.2 country in current account surpluses now. No.4 in total exports likely too. Nominal GDP might overtake Canada next year so SK is not just a random average guy anymore by any metric.
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Korean exports this year is almost equal to Japan even when you exclude semiconductors. China is still 3 or so years behind in HBM tech, and there's still a question whether they can match EUV scale base/logic die performances wit DUV technology. Given that we have just entered the era of HBM4 (which uses EUV-scale nodes for logic dies), the gap…
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This is such an odd stat. I feel like I am on a sports subreddit. Of all the countries in the world, the article is about South Korea surpassing Germany and Japan combined.
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q3 chip exports were even bigger, ~$148B and up ~219% yoy per the stats ministry, so this isn't slowing yet. the catch is it's basically one sector, if memory prices roll over the surplus shrinks just as fast
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that surplus-to-GDP number is wild. 18.8% is basically unheard of for a developed economy, feels like we're watching something that won't be repeated for decades. but the article buried the only part that actually matters: it's almost all price-driven, not volume. samsung and sk hynix are printing money right now because memory prices doubled, not…