Bank of Korea: Semiconductor industry revenue growth may lead to rising inflationary pressure

According to the Seoul Economic Daily, the Bank of Korea has warned that the income growth of businesses and households brought about by the semiconductor boom will translate into consumption, and inflationary pressure will rise again. The rise in semiconductor export prices has boosted purchasing power, and the Bank of Korea has determined that accelerated consumption will lead to demand exceeding existing supply capacity. The Bank of Korea believes that demand side price pressure is one of the reasons for the recent consecutive interest rate hikes.