Rising Intellectual

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 widening services deficit from higher intellectual property payments and reduced exports of key tariff it…