South Korean Finance Minister Lee Hyoung-Il said on Saturday that the semiconductor boom would last at least through 2027, citing a persistent gap between demand and supply. His comments came after chip stocks fell sharply this week amid investor concerns about interest rate hikes and rising competition from Chinese companies. Stocks like SK Hynix, Seoul Semiconductor and Nvidia were caught up in the sell-off, fueling volatility on South Korean markets. Despite the market swings, Lee Hyoung-Il affirmed that South Korea’s economy remained solid, with tax revenues expected to exceed initial projections thanks to the chip boom.
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