Nomura says chip boom has yet to lift Korea's broader economy

Nomura's senior economist Park Jeong-woo argues that South Korea's chip-led boom has not yet translated into broad domestic strength, despite currency stability and a robust stock market. Speaking at a Korea Equities & Economy briefing in Seoul, Park said the key question is whether semiconductor strength feeds real demand at home. He noted the Bank of Korea appears to have shifted its tone toward expecting a spillover, but the evidence remains limited; chip exports have benefited from price effects while volume gains lag behind historical norms, and business investment should stay strong only through Q3.