"There have been some corrections to demand because of parts supply disruptions, but not so much so that it will alter the fundamental course of demand growth," Park said. He expected this year's consumer-led demand recovery to be superseded by corporate sector demand next year, spurred on by developments such as the expansion of standalone 5G telecommunication networks. Memory chip inventory levels were expected to continue to decline, while SK Hynix also aimed in the third quarter to turn around its loss-making NAND Flash business, which has suffered from thin margins and strong competition.