According to the news disclosed by the South Korean media, in 2023, the overall revenue of the enterprises controlled by the six major consortia in South Korea will plummet by 26%, and the operating profit of the most important semiconductor industry will fall by more than 90%, which is the basis of South Korea's economy and employment.
South Korea has more people and less land, exports are the pillars of the economy, especially electronics, automobiles, shipbuilding three industries are almost the core of South Korea's industry, but at present, these three industries under the impact of China's industrial rise, industrial advantages have been taken away by China, resulting in although still dominant, but due to the United States interest rate hike, South Korean banks have been unable to provide support for South Korea's shipbuilding orders, so they have to watch the orders being taken away by China.
As the so-called ship is difficult to turn around, South Korea has almost 6 family consortia, controlling everything in the South Korean economy, so the management and production research and development efficiency of enterprises has been difficult to compete with emerging enterprises, especially now, due to the rise of artificial intelligence, the arrival of the era of intelligence has caused pure hardware products, there is no market competitiveness, and countries like South Korea just do not have a software industry, so under the development wave of emerging industries such as artificial intelligence and big data, South Korea has no ability to seize the opportunity.
The automobile industry and the mobile phone industry are gradually merging into one industry, so how fast will these two industries be updated and iterated? How fast will South Korea decline, because most of the output value of South Korea's GDP is concentrated in these two industries, so I am afraid that South Korea's industrial situation will not be too good in 2024.