South Korean financial column warns: Memory chip market may face overcapacity in 2029, leaving South Korea with only 2 to 3 years of transition window

Odaily News: As newly added production capacity gradually comes online, the global memory chip market may face oversupply in 2029, and the current industry boom cycle faces the risk of reversal.

The column argues that South Korea has only about 2 to 3 years to cultivate new economic growth industries in order to reduce its dependence on the memory chip industry and cope with a possible cyclical downturn in the future.