South Korea Semiconductor Memory Market size was valued at USD 3.32 Bn. in 2023 and is expected to reach USD 5.53 Bn. by 2030, at a CAGR of 7.57%.

South Korea is home to two of the world's largest memory chip manufacturers, Samsung Electronics and SK Hynix, which collectively hold approximately 70% of the global market share in dynamic random-access memory (DRAM) and NAND flash memory. This dominance is increasingly relevant as the demand for high-performance memory chips surges, driven by advancements in artificial intelligence (AI) technologies. The South Korean government aims to leverage this strength to enhance its position in the AI semiconductor sector, which is expected to grow rapidly in the coming years.