Korea’s IT exports stand at USD13.24 billion

Korean IT products

The Ministry of Knowledge Economy announced on December 5th that Korea’s IT exports fell 2.5% to USD13.26 billion, in November. Semiconductor exports recovered to the level of last year while recording USD4.09 billion, up 0.9% from a year earlier in spite of difficult external conditions such as the flood in Thailand and the global financial crisis and a fall in prices of major products such as D-RAMs and LCD panels. 

Display panel exports reached USD2.66 billion, down 2.5% from a year before but exports to China and the EU rose 3.1% and 4.9%, respectively. New convergence products such as system semiconductors continued to enjoy an increase in their exports which stood at USD1.89 billion, up 21.7% from a year before.

Therefore, Korea’s cumulative IT exports from January through November added up to USD144.45 billion, up 2.5% from a year earlier. Cell phone exports slid in November for three straight months due to the expansion of Korean companies’ global production.

For full article see: Korea IT Times