back Back to news
Economy Country November 14, 2024

South Korea's ICT Exports Surpass $20 Billion for Third Month

In October 2024, South Korea's ICT exports exceeded $20 billion for the third consecutive month, reaching $21 billion, a 22% increase from last year, driven by strong global demand for semiconductors.

South Korea's ICT Exports Surpass $20 Billion for Third Month

In the third month of the year, exports of information technology and communication products from South Korea reached 20 billion dollars. According to the South Korean information agency 'Yonhap', the export volume last month amounted to 21 billion dollars, which is 22% higher than the figure of 17.05 billion dollars for the previous year. These data were collected by the Ministry of Science, Information Technology and Communication.

Imports of information technology and communication products grew by 5.7% compared to last year. Exports of information technology and communication products of the Republic of Korea are expected to continue to grow in the twelfth month of October 2024, thanks to strong global demand for semiconductors.

Latest news

See all news
Hyundai Reports 17% Drop in Q4 Operating Profit
January 23, 2025

Hyundai Reports 17% Drop in Q4 Operating Profit

Hyundai Motor disclosed a 17% decrease in its operating profit for the fourth quarter on Thursday, raising concerns over its financial performance amidst challenging market conditions.
Economy Country
South Korea's Economy Grows Only 0.1% in Q4
January 23, 2025

South Korea's Economy Grows Only 0.1% in Q4

South Korea's economy registered a growth of 0.1% in the last quarter of the previous year. Despite an annual GDP growth of 2%, it fell short of the central bank's expectations for 2024.
Economy Country
Decline of Local Korean Companies' Sales in the First Half
November 17, 2024

Decline of Local Korean Companies' Sales in the First Half

A report shows that sales of local Korean companies declined on a yearly basis in the first half of this year for the first time since 2020, despite an increase in sales of export companies.
Economy Country
South Korean President Returns to Golf in Preparation for Trump Meetings
November 15, 2024

South Korean President Returns to Golf in Preparation for Trump Meetings

President Yoon Suk-yeol of South Korea has resumed playing golf for the first time in eight years ahead of future meetings with U.S. President Donald Trump. Yoon's efforts aim to strengthen ties and prepare for significant economic discussions. He previously engaged with Trump through friendly conversations.
Politics Economy Sport Country