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Industry

South Korea faces warnings of growing reliance on semiconductors

Warnings are growing that South Korea is shifting toward an economy led by a single semiconductor sector, similar to Taiwan. Record chip exports driven by AI demand are lifting potential growth forecasts and per-capita GDP projections. But analysts say gains are concentrating in Samsung Electronics and SK hynix as they handle production and packaging in-house. That could widen the gap between headline indicators and felt conditions, with institutions also warning of structural risks and weaker non-chip manufacturing.

Industry

SK hynix launches 2 trillion won export supply chain guarantee to ease supplier loans

SK hynix launched an export supply chain reinforcement guarantee programme with the government and major lenders to support semiconductor materials, parts and equipment suppliers. The joint financing scheme totals 2 trillion won, with SK hynix and banks contributing funds and Korea Trade Insurance Corp providing guarantees. Eligible suppliers can receive larger loan limits, preferential rates and reduced guarantee fees. Officials also reviewed progress at the Yongin cluster and the Trinity Fab project.

Industry

Industry minister Kim Jeong-gwan to directly oversee Chungcheong mega project after southwest

South Korea\'s Ministry of Trade, Industry and Energy said Industry Minister Kim Jeong-gwan chaired the fourth meeting of a public-private task force on the Chungcheong region\'s advanced strategic industries mega project. Participants included investing companies, local governments and relevant ministries. The task force was set up to support implementation of a 392 trillion won investment plan announced in July. The meeting reviewed investment progress, permitting issues and infrastructure needs such as power and water.