S.KOREA GROWTH MOMENTUM TO STRENGTHEN AMID CHIP BOOM : FINANCE MINISTER

What happened: Finance Minister Lee Hyoung-il told officials from Moody's, Fitch and S&P that South Korea's growth will gain momentum amid the chip supercycle, his office said. Why it matters: The agencies said the semiconductor and AI supercycle has helped South Korea cope with challenges such as population aging and the Middle East war, and their assessments of Asia's No. 4 economy remain stable. They showed keen interest in how the government plans to use strong tax revenues from the chip supercycle.

Finance Minister Lee Hyoung-il told officials from Moody's, Fitch and S&P that South Korea's growth will gain momentum amid the chip supercycle, his office said.

The agencies said the semiconductor and AI supercycle has helped South Korea cope with challenges such as population aging and the Middle East war, and their assessments of Asia's No. 4 economy remain stable. They showed keen interest in how the government plans to use strong tax revenues from the chip supercycle.