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On June 17, the Bank of Korea warned that the AI-driven boom in the semiconductor industry could complicate the inflation outlook. A report released by the central bank on Wednesday noted that the unusually high bonuses paid by some chip companies could trigger higher wage demands in other sectors, thereby driving up consumer demand and corporate costs. If wage growth spreads beyond the tech industry, it could create additional inflationary pressures alongside rising energy prices. Although there are not yet widespread signs of accelerating wage growth, the central bank recommends closely monitoring the distribution of high bonuses and rising wage demands, given that policymakers are striving to prevent temporary supply shocks from evolving into persistent inflationary pressures.
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