Andeok Geun "Semiconductor Exports This Year Expected to Reach Record High of Over $135 Billion"

At the 17th Semiconductor Day Ceremony
Awards Presented to Contributors to the Development of the Semiconductor Industry

Minister of Trade, Industry and Energy Anduk Geun stated on the 22nd, "Semiconductor exports this year are expected to exceed $135 billion, achieving an all-time high."

Minister Ahn made these remarks while participating in the '17th Semiconductor Day Ceremony' held at the Grand InterContinental Seoul Parnas in Seoul, where he presented government awards such as medals and commendations to those who contributed to the development of the semiconductor industry.

Semiconductor export performance up to September this year reached $102.4 billion, a 48% increase compared to the same period last year ($69.1 billion). This already surpasses last year's total semiconductor exports of $98.6 billion. An official from the Ministry of Trade, Industry and Energy explained, "Thanks to this performance, achieving the record-high export figure of $129.2 billion in 2022 is certain," adding, "Semiconductors account for 20% of South Korea's total exports of $508.7 billion up to September, ranking first by product category."

In his congratulatory speech, Minister Ahn emphasized, "We must firmly secure leadership in memory semiconductors, especially high-bandwidth memory (HBM), which is becoming increasingly important as the artificial intelligence (AI) era approaches, where we have strengths. It is time to accelerate efforts to narrow the competitiveness gap in the system semiconductor sector, which accounts for 70% of the global semiconductor market."

At the ceremony, a total of 82 individuals who contributed to the development of the semiconductor industry and win-win cooperation among large, medium, and small enterprises were honored. This included Park Kyung-su, Chairman of PSK, who received the Gold Tower Industrial Medal, one recipient each of the Silver Tower Industrial Medal and Bronze Tower Industrial Medal, one Industrial Commendation Medal, one Geunjeong Medal, three Presidential Citations, four Prime Minister Citations, 40 Minister of Trade, Industry and Energy Citations, and 30 Korea Semiconductor Industry Association Chairman Awards.

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