PatentsGlobal
South Korea’s Current Account Surplus with U.S. Declines for First Time in Six Years Amid Rising Intellectual Property Payments
Bank of Korea Reports Record $123 Billion Surplus in 2023 but Highlights Regional Variations and Growing Services Deficits
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…
Friday, June 19, 2026
IIPLA News Desk