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Invest Korea interviews YU Jeoung Yeol, President & CEO of the Korea Trade-Investment Promotion Agency (KOTRA), to learn more about Korea's economic status and the advantages of investing here. Please tell us how you feel about being newly appointed as president and CEO of KOTRA. I have carried out various tasks such as establishing industrial policies to improve the efficiency of the Korean economy at the Ministry of Trade, Industry and Energy, and Office of the President. Now, I have high expectations and feel a great responsibility for the new work to be carried out at KOTRA in implementing those industrial policies. The world is undergoing significant changes due to COVID-19. How is the economic situation of Korea?

Prospects for the Global Semiconductor Market The market size of the global semiconductor market has continued to expand in step with the development of PC, mobile, server, and other IT devices. It is expected to grow further due to the development of AI, IoT and self-driving vehicles, driven by the 4th Industrial Revolution. According to OMDIA, a global market research firm, the semiconductor market is expected to grow at an annual rate of 5.4 percent in the coming years.