HomeMost PopularKorea's Industrial Production Rebounds on Strong Chip Demand

Korea’s Industrial Production Rebounds on Strong Chip Demand

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By Min Joo Kang, Senior Economist, South Korea and Japan

High-End Chip Output Boosts Manufacturing

Korea’s manufacturing industrial production experienced a strong rebound in August, with a month-on-month growth rate of 5.5% (compared to -2.0% in July and a market consensus of 0.2%). The significant increase in output was primarily driven by the semiconductor industry, with a remarkable 13.4% rise in high-end chip production. This surge compensated for the decline in legacy DRAM production. While the high demand for high-end chips is expected to continue driving growth, oversupply and inventory management remain challenges for the industry.

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