Archive · 6 Aug 2026

South Korea posts record current account surplus on chip exports

South Korea posts record current account surplus on chip exports

South Korea is like a store that sells lots of things to other countries.

In June, the store made more money than it spent, and the amount left over was the biggest ever recorded.

This 'extra money' is called a current account surplus.

The main reason is computer chips, which are tiny parts used in phones and computers.

Chip shipments grew almost 200 percent compared to the same time last year.

South Korea also sold more computers and other electronics to other countries.

The country has been making extra money for 38 months in a row.

The first half of the year brought in a record amount of extra money, even more than experts expected.

Fewer Koreans travelled overseas because flying got more expensive, and more foreign tourists visited, which helped too.

Sources