Seoul, Jan 6 (Yonhap) South Korea's information technology (IT) exports fell 7.8 per cent annually in 2009 mainly due to weak demand for electronics goods caused by the global economic slump, a government report showed today.
Overseas shipments of IT products reached USD 121.0 billion last year while imports decreased 15.7 per cent on-year to USD 62.0 billion, resulting in a trade surplus of USD 59.0 billion, according to the report by the Ministry of Knowledge Economy.
The 2009 trade surplus is the second largest tallied since the USD 60.3 billion reported in 2007, it said.
"Despite the drop in export volume, South Korea's IT sector expanded its global market presence in such key areas as displays, semiconductors, and mobile phones," said Seo Seok-jin, head of the ministry's IT policy coordination division.
He said that while outbound shipments of semiconductors and mobile phones fell 5.3 per cent and 14.
Thursday, January 7, 2010
S Korea's IT exports reach USD 121 billion in 2009
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