South Korea Posts $42 Billion Current Account Surplus in July

According to The Korea Herald, South Korea posted a $42 billion current account surplus in July, according to Bank of Korea data released Friday, as robust exports tied to the global artificial intelligence boom supported the balance. The surplus was down $7.65 billion from June but up $30.1 billion from the same month a year earlier. It was the second-largest monthly surplus on record after June's $49.73 billion and the highest ever for any July.