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In 2024, the market share of South Korean semiconductor manufacturers was around ** percent in the global market. This was a recovery from a significant downturn in the previous year. The South Korean semiconductor industry was one of the key industries for the country.

Made in South Korea

A core pillar of South Korea’s economy was its strong manufacturing sector, which included high-value industries such as the automotive industry, the shipbuilding industry, and the consumer electronics industry. South Korea was not the largest nation in the world, nor was its soil abundant in precious metals. Nevertheless, the country has more than made up for its physical limitations with its innovation-focused industries driving its economy.

Global leaders

South Korea’s semiconductor industry was spearheaded by the two towers of Samsung Electronics and SK Hynix. Additionally, DB HiTek was doing tidy business in the foundry sector, if on a smaller scale than the aforementioned two conglomerates. Amidst global uncertainty, the importance of the semiconductor industry persisted, and South Korean companies would need to do their utmost to successfully navigate such market conditions.