周四，韩元升值至1美元兑1383韩元左右，由于美元普遍疲软和强劲的国内基本面支撑了市场情绪，韩元从最近的下跌中恢复过来。韩国6月份的经常账户盈余达到创纪录的142.7亿美元，高于5月份的101.4亿美元。这是有记录以来的最高月度盈余，也是自2023年5月以来的第26次连续盈余。然而，在美国总统唐纳德·特朗普以国家安全为由根据《贸易扩张法》第232条提议对进口半导体征收100%关税后，贸易政策的不确定性再次加剧，这缓和了复苏。虽然这一举措可能会对半导体行业产生重大影响，但预计韩国主要芯片制造商将避免全部关税。特朗普明确表示，在美国生产或正在生产芯片的公司将免于征税。

The South Korean won appreciated to around 1,383 per dollar on Thursday, recovering from recent losses as broad dollar weakness and strong domestic fundamentals supported sentiment. South Korea posted a record current account surplus of $14.27 billion in June, up from $10.14 billion in May. This marks the highest monthly surplus on record and the 26th consecutive surplus since May 2023. However, the recovery was tempered by renewed trade policy uncertainty after US President Donald Trump proposed a 100% tariff on imported semiconductors under Section 232 of the Trade Expansion Act, citing national security concerns. While this initiative could significantly impact the semiconductor sector, major South Korean chipmakers are expected to avoid the full tariffs. Trump specified that firms that produce, or are in the process of producing, chips in the US would be exempt from the levy.

周四，基准韩国综合股价指数上涨0.4%，至3210点左右，延续了第四个交易日的涨势，受关税担忧缓解和强劲贸易数据推动，科技股和汽车股上涨。韩国首席贸易谈判代表Yeo Han-koo在广播中证实，三星电子和SK海力士将不会受到100%的全额关税，受益于与美国贸易协议下最优惠的芯片关税。三星电子因有报道称将在德克萨斯州生产苹果的下一代芯片而上涨1.5%，而现代汽车因与通用汽车联合开发五款面向美国市场的新车型的消息而上涨1.4%。与此同时，韩国央行报告称，在半导体出口强劲的推动下，6月份经常账户盈余达到创纪录的142.7亿美元。外国资本流入也保持稳定，7月份净购买45.2亿美元，因为对企业改革和加强美国贸易关系的希望继续吸引海外投资者。

The benchmark KOSPI rose 0.4% to around 3,210 on Thursday, extending its rally for a fourth session, lifted by gains in tech and auto stocks amid easing tariff fears and strong trade data. South Korea's top trade negotiator Yeo Han-koo confirmed on radio that Samsung Electronics and SK Hynix will not be subject to the full 100% tariff, benefiting from the most favorable chip tariff rates under a trade deal with the US. Samsung Electronics gained 1.5% on reports it will manufacture Apple’s next-gen chips in Texas, while Hyundai Motor rose 1.4% on news of a joint project with General Motors to develop five new models for the US market. Meanwhile, the Bank of Korea reported a record-high current account surplus of $14.27 billion for June, driven by robust semiconductors exports. Foreign inflows also remained firm, with $4.52 billion in net purchases in July, as hopes for corporate reforms and stronger US trade ties continued to draw overseas investors.

2025年6月，韩国的经常账户盈余从5月的101.4亿美元跃升至142.7亿美元，创下1980年1月有记录以来的最高水平。这也标志着在技术出口需求强劲的推动下，连续第14个月出现顺差。商品账户盈余131.6亿美元，出口同比增长2.3%，达到603.7亿美元，进口小幅增长0.7%，达到472.1亿美元。与此同时，由于旅游和商业服务短缺，服务账户出现了25.3亿美元的赤字。主要收入账户盈余41.6亿美元，这得益于股权持有收入的增加。次级收入账户显示赤字为5.3亿美元。

South Korea’s current account surplus jumped to $14.27 billion in June 2025, up from $10.14 billion in May, marking the highest level since records began in January 1980. This also marked the 14th straight month of surplus, driven by robust demand for technology exports. The goods account posted a $13.16 billion surplus, as exports rose 2.3% year-on-year to $60.37 billion, while imports edged up 0.7% to $47.21 billion. Meanwhile, the services account logged a $2.53 billion deficit, weighed down by shortfalls in travel and business services. The primary income account posted a $4.16 billion surplus, supported by increased income from equity holdings. The secondary income account showed a $0.53 billion deficit.

韩国股市因税收计划而一蹶不振。韩国的税收政策使亚洲表现最佳的主要股市的前景受到质疑，投资者正在评估更高的公司税和交易税对该国长期承诺的改革的影响。

Blowout South Korea stock rally on a knife-edge over tax plans.South Korea's tax policies have thrown the outlook for Asia's best-performing major stock market into doubt, with investors assessing the impact of higher corporate tax and trading levies on the country's long-promised reforms.