Seoul:President Lee Jae Myung announced that South Korea is establishing itself as a major player in the global economy, following the country's remarkable achievement of securing the world's second-largest current account surplus among major economies in the second quarter.

According to Yonhap News Agency, South Korea's current account surplus amounted to US$116.63 billion between April and June, second only to China's $193.72 billion, as reported by the International Monetary Fund (IMF) data available on the Bank of Korea's Economic Statistics System.

President Lee expressed in a social media post that South Korea is transitioning from following advanced economies to shaping the global economic landscape. He emphasized that the country's surplus exceeded the combined surpluses of Germany and Japan.

Additionally, Lee highlighted the success of South Korean companies in international markets, particularly in the semiconductors sector, which is crucial in the era of artificial intelligence (AI). He urged that these successes be used to boost the country's industrial competitiveness and increase its potential growth rate.