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South Korea’s current account surplus hit a record $123.05 billion in 2023, driven by strong exports and investment income. However, the surplus with the United States fell for the first time in six years due to a widening services deficit from higher intellectual property payments and reduced exports of key tariff it…
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South Korea’s Current Account Surplus with U.S. Declines for First Time in Six Years Amid Rising Intellectual Property Payments South Korea’s current account surplus hit a record $123.05 billion in 2023, driven by strong exports and investment income. However, the surplus with the United States fell for the first time in six years due to a widen... Read the full IIPLA article: https://iipla.org/news/south-korea-s-current-account-surplus-with-u-s-declines-for-first-time-in-six-years-amid-rising-intellectual-property-payments