South Korea finance minister says chip boom to last at least to 2027
AI-generated briefing by News4U · First published
Lee Hyoung-Il told reporters in Bangkok that semiconductor demand-supply gaps remain large and supply is still expanding.
South Korea’s deputy prime minister and finance minister Lee Hyoung-Il said on Saturday that the semiconductor industry’s current growth will last at least until 2027, citing persistent supply-demand gaps and ongoing capacity expansion. [1] [2] [3]
Lee spoke on the sidelines of the IMF-World Bank meetings in Bangkok. He noted that chip stocks have amplified volatility in the Korean market this year because the sector’s weight in the economy is larger than in other countries, but he added that the overall economic fundamentals remain solid. [1] [2] [3]
Lee also said tax revenue this year is expected to exceed earlier forecasts, partly because of the semiconductor sector. [2] [3]
Sources
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