South Korea posts record current account surplus
President Lee Jae Myung said South Korea is emerging as a global economic leader after a record current account surplus. The current account measures a country's trade and income flows with the rest of the world.
Why it matters
A large surplus supports South Korea's currency and its export-driven jobs.
Background
South Korea is a major exporter of chips, cars and ships. Its economy depends heavily on global trade.
Sources
- Yonhap ↗Oct 25, 6:16 AM ET
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