South Korean Finance Minister Predicts Semiconductor Market Growth Through 2027
South Korean finance minister Lee Hyoung-Il stated that the semiconductor market will remain strong at least through 2027, citing a significant gap between demand and supply despite ongoing capacity expansions. His comments come amid recent declines in chip stocks due to concerns over interest rate hikes and increased competition from Chinese firms. Lee noted that South Korea's stock market has experienced heightened volatility this year partly because of the semiconductor industry’s large economic influence. Despite these fluctuations, he emphasized the country's overall solid economic position. Additionally, higher-than-expected tax revenues are being attributed to the chip sector boom. A recent opinion column in Maeil Business Newspaper warned that a surge in new supply could lead to market saturation by 2029, potentially turning it into a highly competitive
Topics: economic policy semiconductors stock market volatility