Economic Cycles, Semiconductor Sales: Literature Review Analysis

This literature review examines the impact of economic changes on the semiconductor industry in South Korea, and the correlation between economic cycles and semiconductor sales. The study identifies the research problem, provides contextual background highlighting the industry's significance to the South Korean economy, and outlines gaps in previous research. The review covers key factors influencing the industry, including growing demand for electronics, modernization, innovation, GDP, market competition, cyclicality, tax rates, and interest rates. The methodology is detailed, and the paper explores research questions related to economic changes, sales correlations, industry challenges and opportunities, and potential solutions. The review emphasizes South Korea's position as a major global semiconductor producer and its impact on the country's economic growth. The paper discusses various factors such as growing demand, modernization, innovation and R&D, GDP, market competition, cyclicality, tax rates, and interest rates and their effects on the semiconductor industry. The study aims to enhance academic knowledge, aid managerial decision-making, and increase public awareness of the semiconductor industry.