It increased from 98% of vehicle semiconductor imports, and the export economy pattern driven by the state debt appeared for the second year due to the investment of 200 billion won in finances.
In the export economy driven by the increase in national debt, semiconductor exports increased 25.2% compared to March 10 last year, and semiconductor imports increased 22.8%, resulting in a trade deficit.
Semiconductor exports increased 20.3% (compared to the same period last year) in March last year, which was the beginning of the coronavirus, and imports increased by semiconductors (13.6%), petroleum products (43.3%), and precision equipment (8.5%) for the second consecutive year. Semiconductor imports and exports have risen together, showing a typical fiscal import export economy.
In the semiconductor economic downturn in 2019 before the Corona, exports were low in February, and exports in March increased sparkling due to the base effect of the corona fiscal expansion. Regarding the win-win economy, Deputy Prime Minister Hong Nam-ki announced that it will invest more than 200 billion won in automotive semiconductors.
On the 10th, Deputy Prime Minister Hong said, “Innovative preferential support plan for the first half of this year to 24.7 billion won for the development of core semiconductor technology (R&D) for future vehicles such as autonomous driving technology development and innovation projects,” and to foundries such as Samsung Electronics in the first half of this year. Active review” said.
Samsung's refusal to invest in automotive semiconductors seems to have been avoided by semiconductor companies due to its weak price competitiveness compared to the investment cost, and the government replaced it with national debt.
In March this year, exports of semiconductors and passenger cars increased 25.2% and 22.8% YoY, and the European Union (49%) surged and China (33.9%) and the U.S. (21.9%) concentrated on imports. On the contrary, imports were semiconductors (22.8%). On the rise, crude oil (16.4%)) gas (96.9%) machinery (40.7%) petroleum products (21.2%) and precision equipment (25.9%) surged, resulting in a trade deficit of $1.1 billion.
On March 1-10, exports rose 25.2% year-on-year to $16.3 billion, and imports rose 31.4% to $17.4 billion, a trade deficit economy.
The'fiscal total' submitted by the government on the 7th to the National Assembly this year was an additional supplement of 965 trillion won, an increase of 119 trillion won from 846 trillion 9 trillion won in the state debt of the fourth supplement last year.
In response to the increase in national debt, the Ministry of Science and Technology has an estimate of 1,91 trillion won, an increase of 125 trillion won next year, an increase of 125 trillion 9 trillion won in 2023, and an increase of 1,217 trillion won in 2024, and an increase of 130 trillion won in 2024. It said that the national debt ratio was 59.7%, and it predicted a surge of 60% from the 40% level over the past three years.