According to a report by the Korea Chamber of Commerce and Industry (KCCI) quoted in the Joong Ang Daily, the value of production could rise by 27.4 per cent to reach $30.1 billion (£18.9 billion).
The news provider explained that the last quarter of this year has seen a recovery in the semiconductor industry, which could enjoy significant growth over the next 12 months.
Sales in the sector could increase by 24.4 per cent to $38.5 billion, if the KCCI report is to be believed.
"Amid signs of an economic recovery … manufacturers in some sectors, including semiconductors, steel, machinery and electronics, have rosy sales outlooks for 2010," wrote Lee Eun-joo in the publication.
The KCCI, which was established in 1884, represents 71 regional chambers in the Korean economy in producing research and developing economic cooperation in the private sector.
