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SOUTH KOREA: Chip Production Stalls in Warning Sign for the Economy. 

SOUTH KOREA
GlobalEM BulletBulletSouth KoreaAPACEmerging Market NewsRegion
  • Production in South Korea’s semi-conductor manufacturers declined for the first time in a year according to the Statistical Office of the Government.
  • Semiconductor production output declined 3% in September.
  • This followed an +11% increase the month prior.
  • The growth in production and exports has been driven by the boom in Artificial Intelligence development globally.
  • Semiconductors are the biggest contributors to export output for South Korea and the BOK will be monitors this data carefully.
  • Having warned of the need to revise growth downward, the BOK will be mindful when looking to 2025’s forecast that the moderating of demand could point to a peak in the A.I cycle.  
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  • Production in South Korea’s semi-conductor manufacturers declined for the first time in a year according to the Statistical Office of the Government.
  • Semiconductor production output declined 3% in September.
  • This followed an +11% increase the month prior.
  • The growth in production and exports has been driven by the boom in Artificial Intelligence development globally.
  • Semiconductors are the biggest contributors to export output for South Korea and the BOK will be monitors this data carefully.
  • Having warned of the need to revise growth downward, the BOK will be mindful when looking to 2025’s forecast that the moderating of demand could point to a peak in the A.I cycle.