.png)
Semiconductor and display companies to see operating profits decline in 2022.
Published2021.12.01 11:10
▲Projected changes in operating profit by industry
Semiconductor and display earnings in 2022 are expected to be similar to this year's, with a slight decrease in operating profit due to falling panel and memory prices.
The Federation of Korean Industries conducted a "2021 Performance and 2022 Outlook Survey" targeting associations in 10 key export industries, including semiconductors, automobiles, oil refining, shipbuilding, steel, displays, auto parts, textiles, home appliances, and biohealth.
Accordingly, the sales growth rate of the 10 major industries is expected to decrease from 14.7% in 2021 to 4.9% in 2022, and the export growth rate is expected to decrease from 24.1% in 2021 to 3.3% in 2022.
For semiconductors and displays, performance is expected to be similar to 2021, reflecting falling memory and panel prices, while home appliances are expected to record negative growth of -10% to -5%.
On the other hand, operating profit is expected to decrease year-on-year in semiconductors, displays, and home appliances.
The shortage of automotive semiconductors is expected to persist, and the automotive industry is also expected to see a 5% year-on-year decline.
Meanwhile, key industry association officials predict a negative outlook for 2022, citing the raw material supply and demand instability, the US-China trade conflict, and protectionism, which have recently emerged as pressing issues for domestic export companies.We looked at the situation. Specifically, raw material supply and demand were expected to slightly worsen (60.0%) or significantly worsen (10.0%) compared to this year, with no industry predicting even a slight improvement. The majority of industries also predicted a slight worsening (70.0%) of the US-China trade conflict.
Meanwhile, the overall domestic economic situation in 2022 was projected to be similar (50.0%) or slightly improved (40.0%) compared to 2021. The most common view was that domestic corporate investment would slightly improve (60.0%) compared to 2021, and domestic employment would remain similar (70.0%) to 2021.
Based on the challenges and desired policies revealed by associations of major export industries, the Federation of Korean Industries (FKI) presented five major variables for the domestic manufacturing industry in 2022, called "Tigers (T·I·G·E·R)."
A Federation of Korean Industries official explained that the summary was made by combining the English initials of the following words: Tax, Inflation, Global Supply Chain, Environmental Standards, and Regulation.
관련뉴스
Chairman Jin Dae-je: "National preparation for semiconductor hegemony is essential."
Supply will remain tight relative to semiconductor demand for a considerable period, and opinions have been presented that national-level countermeasures need to be established in preparation for semiconductor hegemony competition. The Federation of Korean Industries (hereinafter referred to as FKI) held a seminar on the 30th at the FKI Hall Conference Center with the theme of "The Semiconductor Industry is Shaken: Semiconductor Industry Paradigm and Future."
2021.03.30by 배종인 기자
Semiconductor Industry Issues and Response Strategies Seminar to Be Held
With continued global semiconductor supply instability, interest in semiconductors is at an all-time high. Seminar Hub will hold the "2021 Semiconductor Industry Key Issues and Response Strategies Seminar" both online and offline on July 1st (Thursday) at the Korea Chamber of Commerce and Industry building in Yeouido, Seoul.
2021.06.03by 이수민 기자
FKI: “Digital Tax Should Be Limited to Revenues Over $20 Billion”
The Federation of Korean Industries (Chairman Huh Chang-soo) asserted that the digital tax should be limited to digital service companies with annual sales exceeding $20 billion.
2021.06.09by 배종인 기자
The Problem with AI is Not Performance, but Trust
CEO Kang Min-seung emphasized at Snowflake's World Tour Seoul that generative AI has entered a phase where "trust" rather than accuracy becomes the key competitive advantage. As AI is applied to various tasks including consultation, risk management, and operational automation, incorrect data, erroneous responses, and bias are creating actual business risks. He pointed out that enterprises must build a trust layer above AI. To achieve this, accurate data management, semantic structuring, governance, and prompt security are essential. He explained that AI is not merely an automation tool but a technology that reorganizes the entire organization's workflows and decision-making systems. Snowflake provides a platform that supports this trust-based AI operation, emphasizing that enterprises should build "trustworthy AI" rather than "intelligent AI."
2026.08.28by 배종인 기자
The Decisive Factor for AI Agents in Finance: "Trustworthy Data Infrastructure"
The key to spreading AI agents in the financial sector is establishing a trustworthy data system. KB Kookmin Bank is operating over 100 AI agents by 2025 and is promoting expansion to 300. AI is automating repetitive tasks across various areas such as consultation, risk management, wealth management, and relationship management. However, if data quality, governance, and semantic structuring are insufficient, errors and risks increase. KB is building an AI-Ready organization through a multi-model strategy of GPT, Gemini, and Claude, as well as a Snowflake-based data system. The bank emphasized that AI has entered a phase where it restructures not just simple automation but the entire work process and decision-making system.
2026.08.28by 배종인 기자
