South Korea held a 17.7 percent share in the global semiconductor market in 2022, and continued to be the second largest in the world for the 10th consecutive year since 2013.
In addition, South Korea is pushing to expand its foundry market share based on ultra-fine processing technology.
[2] The South Korean government announced in January 2024 its plan to invest about $470 billion over the next 23 years to build the world's largest semiconductor cluster in a large production complex to be built in Gyeonggi Province, along with SK Hynix.
South Korea aims to increase the self-sufficiency ratio of essential materials, parts, and equipment for chip production to 50 percent by 2030.
[3][4] "If we complete the construction of the semiconductor mega cluster at an earlier date, we will achieve the world's leading competitiveness in the chip sector and provide quality jobs for young generations.