US-China Gap Widens to Record in South Korea’s Current Account
- Korea’s current account surplus with US rises to $91.2 billion
- China’s growing autonomy in production reduces Korea’s profits
Busan Port Terminal in Busan, South Korea.
Photographer: SeongJoon Cho/BloombergThis article is for subscribers only.
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The gap between the US and China in South Korea’s current account widened to a record last year, underscoring the pace of change in Seoul’s trade relations with the world’s two biggest economies.