Taipei, Sept. 17 -- Yeh Chun-hsien, head of the National Development Council (NDC), on Wednesday attributed Taiwan's forecast lead over South Korea in gross domestic product (GDP) per capita in 2025 to the success of Taiwan Semiconductor Manufacturing Co. (TSMC) and a boom in artificial intelligence applications, as per a report by Focus Taiwan.

According to the Focus Taiwan report, Yeh's comments came after The Korea Economic Daily recently reported that Taiwan is expected to surpass South Korea in GDP per capita in 2025 for the first time in 22 years, citing forecasts from Taipei and Seoul's agencies. The report said Taiwan's GDP per capita will reach USD 38,066 this year, compared with South Korea's USD 37,430.

Speaking with reporter...