BOK warns AI slowdown could cut Korea’s chip exports by $100bn
Briefing by News4U · First published
The Bank of Korea warned that slower AI investment could slash South Korea’s semiconductor exports by up to $100 billion next year.
The Bank of Korea warned that a slowdown in U.S. tech giants’ AI investments next year could slash South Korea’s semiconductor exports by as much as $100 billion from its initial forecast, according to Pulse by Maeil Business. [1]
The central bank estimated that semiconductor export volumes could fall by $50 billion to $100 billion next year under a pessimistic scenario, wiping out as much as one-sixth of its initial $600 billion forecast. Under the scenario, Korea’s economic growth rate would decline by 0.4 percentage point, while its current account surplus would fall significantly below the BOK’s original forecast of $430 billion. [1]
Sources
- BOK warns AI slowdown could cut Korea’s chip exports by $100bn
Pulse by Maeil Business · · Full text