President Lee Jae-myung stated on October 25 that South Korea's current account surplus for the second quarter of this year has surpassed that of Germany and Japan combined, declaring, "A great wave of opportunity is sweeping through our economy." He emphasized the need to leverage this opportunity to enhance industrial competitiveness and raise potential growth rates.
In a post shared on X (formerly Twitter), President Lee praised the achievements of South Korean companies in the global market, particularly in the semiconductor industry, which he described as a key sector in the era of artificial intelligence (AI).
He further asserted, "Now, South Korea is moving beyond being a follower of advanced nations to becoming a leading country that drives the flow of the global economy."
Quoting former U.S. President John F. Kennedy, who said, "A rising tide lifts all boats," President Lee stressed that the benefits of economic growth should extend to all citizens.
He added, "The important thing is to ensure that this wave of growth transforms the lives of all citizens," and stated that economic vitality should lead to increased investment, job creation, and improved income and living standards.
President Lee concluded by saying, "The reason we need economic growth is to improve the lives of our citizens," and pledged to strengthen the foundations of growth so that South Korea's advancement translates into a better tomorrow for each individual.
* This article has been translated by AI.
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