world-economy

South Korea Forecasts Growth Exceeding 2% on Semiconductor Demand Surge

South Korean Finance Minister Koo Yun Cheol expects economic growth to exceed 2% this year, supported by strong global demand for semiconductors. The minister made the announcement at a Monday press conference. Koo noted that the exact growth pace will depend on the chip cycle and the war in the Middle East. Semiconductors are critical to South Korea's export-dependent economy.