Home » World » Taiwan to Overtake South Korea in 2022: Detailed Report on Economic Comparison and Industry Analysis

Taiwan to Overtake South Korea in 2022: Detailed Report on Economic Comparison and Industry Analysis

2023-12-16 10:11 Comprehensive report by Lianhe News Network Schematic diagram of Hsinchu Science Park.United Daily News file photo

Since 2005, Taiwan’s per capita GDP has been overtaken by South Korea. After years of hard work, Taiwan will reverse South Korea in 2022. Recently, a netizen posted an article saying that only semiconductors are currently supporting wages in Taiwan. South Korea not only has the electronics industry, but also the entertainment industry is world-class. There are many industries, and each one is developing well. I wonder if no one has noticed that South Korea and Taiwan are already on a different level? It caused a heated discussion on the Internet.

Netizens posted on PTTpoint outCurrently, only semiconductors are supporting wages in Taiwan. Other industries are in pretty miserable condition. The financial industry lags far behind Hong Kong, Singapore, and Japan. On the other hand, South Korea not only has an electronics industry, but also a world-class entertainment industry. It has entered the Hollywood entertainment circle, its cars are also doing well, its trains can be exported, and its beauty products are also very strong. The original po believes that Korean industries are diversified and all are developing well. He said directly, “Has no one realized that South Korea and Taiwan are already on a different level?”

Many netizens left hot comments, “You have lost the military industry”, “A long time ago”, “There is also a medical and biotechnology industry”, “It has been a long time ago. When I kept talking about wanting to win against South Korea, South Korea had already lost it. Take Taiwan seriously.” “You just realized it now?” “Taiwan really can’t catch up even if it tries hard.” “Taiwan has been beaten on the ground for at least 20 years.”

But some people think that “the people in South Korea’s chaebol system are very miserable. They will be useless if they don’t join a big company, so many people rely on Bitcoin and leveraged investment to make a comeback.” “South Korea is very glorious, very bleak, and entertainment marketing It is indeed No. 1 in the world, but it’s hard to say otherwise.” “South Korea is dominated by chaebols, while Taiwan has strong small and medium-sized enterprises.” “I think the only thing South Korea can beat Taiwan is instant noodles.” “It’s Taiwan that dominates South Korea…”

The Statistics Office of the Ministry of Economic Affairs released the “Overview of the Current Economic Situation” report this year, stating that Taiwan’s economic growth has been faster than that of South Korea in the past five years, and its per capita GDP in 2022 will exceed South Korea’s for the first time in the past decade. Taiwan’s manufacturing sector has increased its share of GDP year by year, focusing on In electronics and precision instruments; on the contrary, South Korea fell by 2.2 percentage points, and the industrial distribution is also relatively scattered.

Taiwanese GDP

Further reading

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2023-12-16 02:11:16

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