South Korea's finance minister Lee Hyung-il said on Saturday that the semiconductor industry will prosper until at least 2027. Li Jiong-il said in an interview with CNBC on the sidelines of attending the annual meetings of the International Monetary Fund and the World Bank in Bangkok: “Currently, we judge that this round of growth can be maintained at least until next year. The reason is that the semiconductor supply and demand gap is still huge, and the supply side continues to expand.” Lee Hyung-il said that chip stocks have amplified fluctuations in the South Korean stock market this year. He said that the semiconductor industry accounts for a higher share of the domestic economy than other countries, causing severe market shocks. However, he stressed that despite market ups and downs, the fundamentals of the Korean economy are still stable.

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