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Korea’s annual chip exports surpass $100 billion for first time 2018-10-25
Seoul, Korea - The Ministry of Trade, Industry and Energy hosted the 11th Semiconductor Day at COEX in Seoul on October 25 to commemorate this year’s annual exports of semiconductors that surpassed $100 billion for the first time. This is an unprecedented achievement for any single export item.

During his commemoration remarks at the event, Trade, Industry and Energy Minister Sung Yunmo said that this accomplishment was possible because of close public-private cooperation, as well as homegrown companies that made bold endeavors, continuous investments, and ceaseless innovation efforts.

Minister Sung also stressed the importance of securing next-generation technologies in the chip industry and building an ecosystem that involves the development of chip materials, parts, and equipments. Another point that Minister Sung emphasized was cooperation with other industries that use system chips, such as future car, biotechnology, and energy sectors.

After the speech, Minister Sung awarded orders of merit, medals of honor, and ministerial commendations to 47 individuals who made great contributions to the growth of the semiconductor industry.