South Korea's capital region and Chungcheong record 5% economic growth driven by semiconductor production
According to Maeil Business Newspaper, the Seoul-capital region and Chungcheong region posted about 5% regional growth in the second quarter, driven by semiconductor production. Manufacturing and mining in areas hosting Samsung Electronics and SK Hynix plants rose sharply, with the Seoul-capital region and Chungcheong regions contributing to the growth, while Honam lagged. Chungbuk led all regions with an 11.9% GRDP increase.
Key facts
- 01Seoul-capital region GRDP grew 5.3%.
- 02Chungcheong region GRDP grew 5.0%.
- 03Honam region GRDP grew 0.0%.
- 04Chungbuk GRDP grew 11.9%, the highest among 17 regions.
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