Thursday, June 28, 2018

Korea's dependence on semiconductor exports

The Korea Joongang Daily has published a timely report on semiconductor exports that warns about the dangers of a nation being overly dependent on one product.  Semiconductor exports are expected to exceed $100 billion this year, while total exports are estimated to reach $605 billion. The newspaper article notes that "In a report released on June 22, the Hyundai Research Institute, a private think tank, said Korean exports, while on the rise, has a number of weaknesses including a heavy dependence on one product.
The report pointed out that the proportion of semiconductors to total exports in Korean has risen from 12.6 percent in 2016 to 17.1 percent in 2017 and over 20 percent this year."

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