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From Largest Surplus to Largest Deficit, South Korea’s Economy Weighed Down by China

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From Largest Surplus to Largest Deficit, South Korea’s Economy Weighed Down by China
China's National People's Congress (NPC) Standing Committee Chairman Li Zhanshu (L) attends with South Korea's National Assembly Speaker Kim Jin-pyo (R) during a joint news conference in Seoul, South Korea, on Sept. 16, 2022. Kim Hong-Ji/Pool/Getty Images
Lisa Bian
Updated:
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News Analysis

South Korea, heavily dependent on exports to China, has seen its exports deteriorate further due to China’s economic downturn. Exports to China, once Korea’s largest trade surplus, have turned into its largest deficit since 2023.

Lisa Bian, B.Med.Sc., is a healthcare professional holding a Bachelor's Degree in Medical Science. With a rich background, she has accrued over three years of hands-on experience as a Traditional Chinese Medicine physician. In addition to her clinical expertise, she serves as an accomplished writer based in Korea, providing valuable contributions to The Epoch Times. Her insightful pieces cover a range of topics, including integrative medicine, Korean society, culture, and international relations.
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