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Korean Semiconductor Cash Outlook

GOLDMAN SACHS GROUP INC · 2026-09-21 · Importance 17 · Surprise 24

Goldman Sachs analysts forecast that South Korea's semiconductor boom will materially increase corporate cash generation and repatriated overseas earnings. Net cash at South Korean semiconductor companies could reach 9.3% of South Korea's GDP by 2027. The resulting domestic liquidity is also expected to support record wage and dividend payments by major chip companies.

Key facts

• Goldman Sachs analysts project South Korean semiconductor companies' net cash could reach 9.3% of GDP by 2027. source