Citigroup Economist: South Korea's Semiconductor Export Growth May Accelerate Next Year

Deep News12-22 11:51

Citigroup economist Jin-Wook Kim stated in a report that South Korea's semiconductor export growth is expected to accelerate next year.

Driven by increased capital expenditures in the global artificial intelligence sector, Kim forecasts that the country's chip exports could surge by around 56% in 2026, up from an estimated 23% in 2025. In the first 20 days of December this year, South Korea's semiconductor exports hit a record high. During the same period, exports of chips, solid-state drives, and smartphones saw significant increases, while shipments of automobiles, auto parts, and steel declined.

Kim also projects that South Korea's overall exports in December will rise by 10% year-on-year, surpassing November's 8.4% growth.

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