The AI-driven semiconductor super boom is pushing Korea's current account balance and KOSPI index into unknown territory, but the job market is increasingly freezing. In particular, as the youth employment rate has fallen for 24 consecutive months, fears that AI might replace jobs are becoming reality. Although the economy is growing thanks to AI, there are concerns that the paradoxical situation of the younger generation being left out of the warm sector for the same reason may continue. The Korea Development Institute (KDI) announced on the 13th that it raised its forecast for Korea's economic growth rate this year to 2.5%, which is 0.6 percentage points higher than the 1.9% announced in February. The reason is undoubtedly semiconductors, With the semiconductor boom continuing, exports and facility investment are expected to increase by 4.6% and 3.3% respectively compared to last year, and the current account is projected to record a surplus of $239 billion, a 94% increase from last year. According to the Bank of Korea, the Korean economy grew by 1.7% in the first quarter, and from the beginning of this year until the 13th, the KOSPI index has risen more than 80%, driven by sharp increases in Samsung Electronics and SK Hynix stocks. Economic indicators and Although asset prices are rising, the job market is said to be full of relief, due to the low employment effect of semiconductors and the deterioration of retail, food, and accommodation industries due to the impact of the US-Iran war. The number of employed young people (ages 15~29) has dropped by 194,000, marking a downward trend for 24 consecutive months since May 2024. Thanks to semiconductors, the KOSPI has soared, and the economic growth rate has been revised upward,,, yet young people are sighing over the employment crisis,,, so what's going wrong???????
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