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South Korea’s Record Surplus With US Adds Strain to Tariff Talks

Hyundai Motor vehicles loaded onto a cargo ship at a port in Ulsan, South Korea. — Hyundai Motor vehicles loaded onto a cargo ship at a port in Ulsan, South Korea.Photographer: SeongJoon Cho/Bloomberg

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June 20, 2025 at 3:00 AM UTC

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South Korea’s current account surplus with the US surged to a record high last year, highlighting the challenge President Lee Jae Myung faces as he seeks to secure a trade deal with Donald Trump.