Between 2015 and 2023, the manufacturing output of computer, electronic, and optical products in South Korea experienced significant fluctuations. The output peaked in 2018 at 341.02 trillion won, followed by a sharp decline in 2019 and 2020. A recovery started in 2021, reaching 322.56 trillion won, but recent years have seen slight year-on-year variations, with a marginal increase in 2023 at 318.39 trillion won. The average compound annual growth rate (CAGR) over the last five years reflected a modest 0.27%, projecting a gradual growth rate of 1.35% over the next five years to 2028.
Future trends to watch for include advancements in 5G technology, semiconductor innovations, and possible shifts in global supply chains that could impact production volumes in South Korea. Additionally, investment in AI and robotics might further influence manufacturing outputs.
