Semiconductor production value South Korea 2006-2022

In 2022, the semiconductor production value in South Korea was recorded at around 224 trillion South Korean won. The production value of semiconductor wafers greatly increased throughout the years. The highest production value recorded during the surveyed period was in 2021. 

Exports over imports

Semiconductors manufactured in South Korea were mostly exported to the global market, making it an important article of trade for the country’s economy. The amount of imported semiconductors was significantly lower in comparison. As to whether this can be interpreted as South Korea’s part in the rise of worldwide fabless company sales remains to be seen.

Cheaper production

South Korea was enjoying a decrease in producer prices for Dynamic Random-Access Memory (DRAM) chips and was further bolstered by a similar trend happening for the production costs of flash memory semiconductors. The competitiveness South Korea had in the memory semiconductor segment was the foundation for the success of its semiconductor industry.