According to data released by South Korea's Ministry of Finance and the Central Bank, the country's per capita GDP is projected to hit $36,024 in 2024, surpassing that of Japan. This notable growth can be largely attributed to the favorable trade conditions, with key factors including the surge in semiconductor export prices and the decline in import prices of raw materials, such as crude oil. Furthermore, the South Korean government anticipates that per capita GDP will continue to climb, reaching $37,441 by the end of this year.
