Meanwhile, South Korea achieved a strong export performance. According to the Ministry of Trade, Industry and Energy, exports in 2024 will reach 683.8 billion dollars, an increase of 0.2 billion dollars compared to the 2022 record. The main contribution to this success was made by semiconductor exports, which increased by 43.9% to 141.9 billion dollars.
Global players are actively supporting their national semiconductor industries. Japan is strengthening its support for Rapidus and Taiwan Semiconductor Manufacturing Company (TSMC) is expanding its presence in Japan. China is also rapidly developing its own chip manufacturers, while South Korea risks being left behind in this process due to insufficient government support.
Source: Ferra
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