00:00On average, people in Taiwan will earn more money than their South Korean counterparts this year.
00:06News data from South Korea shows Taiwan's per capita GDP is on track to surpass South Korea's in 2025.
00:13It suggests South Korea's 2025 per capita GDP will be around 37,430 U.S. dollars.
00:21That's lower than Taiwan's 38,066 dollars per capita gap of about 600 U.S. dollars.
00:27This will be the first time since 2003 that Taiwan's economy has outperformed South Korea in this measure.
00:34Experts say the reversal is being driven by slowing growth in South Korea
00:38and booming AI and tech sector exports in Taiwan.
00:42Taiwan's GDP grew 8 percent year-on-year in the second quarter,
01:01while South Korea recorded just 0.7 percent growth amid weak domestic demand and deeper structural issues.
01:07설S.com
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