Will S. Korea's chip exports reach a record high for the second consecutive year in 2025?

Synopsis
Key Takeaways
- Projected semiconductor exports for 2025: over $165 billion.
- Increase in exports from January to September: 16.9%.
- Government support for maintaining dominance in memory chip market.
- Semiconductors as a national strategic asset.
- Stock market trends show resilience amid economic growth.
Seoul, Oct 22 (NationPress) South Korea's chip exports are projected to achieve a record-breaking high for the second year in a row in 2025, driven by the rising demand for advanced semiconductors fueled by the growth of the global artificial intelligence (AI) sector, as stated by the first vice industry minister on Wednesday.
"This year, semiconductor exports are expected to surpass $165 billion, establishing a new record for the second successive year," Moon Shin-hak announced during the 18th semiconductor day event, as reported by Yonhap news agency.
From January to September, South Korea's semiconductor exports totaled $119.7 billion, reflecting a 16.9 percent increase compared to the previous year, based on government statistics.
In 2022, the total value of semiconductor exports reached $141.9 billion.
Moon mentioned that the government aims to support Korea's semiconductor industry in sustaining its leadership in the memory chip sector while closing the gap with global frontrunners in other fields, such as system semiconductors and fabless technologies.
Song Jai-hyuk, the chair of the Korea Semiconductor Industry Association, emphasized that semiconductors are a "national strategic asset," crucial for AI and quantum computing, advocating for "proactive support" for the industry and efforts to foster an "innovative" industrial ecosystem.
Additionally, South Korean stocks experienced an uptick late Wednesday morning, driven by gains in the automotive and shipbuilding sectors, aiming to reach another record high following five consecutive days of record gains.
After starting lower, the benchmark Korea Composite Stock Price Index rose by 11.6 points, or 0.3 percent, reaching 3,835.44. Large-cap stocks displayed mixed performance.
Chip leader Samsung Electronics saw a decline of 0.51 percent, while rival SK Hynix dropped 0.84 percent.
In contrast, defense giant Hanwha Aerospace surged by 4 percent, and prominent battery manufacturer LG Energy Solution increased by 2.86 percent.
As of 11:20 a.m., the local currency traded at 1,430.05 won against the U.S. dollar, down by 2.25 won from the previous session's close.