samsung electronics to drive half of south korea's economic growth this year

Samsung Electronics Co. is expected to have its largest impact on South Korea's economic growth this year, contributing approximately half of the growth.

The company is the largest in the country and accounts for about 8% of manufacturing output and 17% of the main stock index's total market capitalization.

Analyst Hyosung Kwon estimates that Samsung will contribute 1.1 percentage points to the anticipated 2.2% growth in the South Korean economy, based on the gross profit generated by its domestic units. This highlights the significant role Samsung plays in an economy that is closely linked to the global semiconductor industry.

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