Global market share of South Korean semiconductor manufacturers 2006-2023
In 2023, the market share of South Korean semiconductor manufacturers was around 13 percent in the global market. The country’s global market share has seen a gradual decrease in recent years. 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 is its strong manufacturing sector, which includes high-value industries such as the automotive industry, the shipbuilding industry, and the consumer electronics industry. South Korea is not the largest nation in the world, nor is 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. The semiconductor industry is surrounded by optimistic predictions for the future, and South Korean companies will need to do their utmost to continue their profitable operations and ride the waves successfully.
