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Korea's Main Exports Moving Away from IT Products

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저작자 미상 (저작물 2267374 건)

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공표년도

창작년도

2011-06-26

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Amid the slowing growth rate for Korea's information and technology industry‚ some are saying that the good times may be over for this particular sector.
Once a trusty industry that led the nation's exports‚ overseas demand for IT products other than mobile phones‚ such as televisions‚ semiconductors and display panels have fallen behind that of non-IT products‚ like cars and steel since 2006.
In fact‚ while non-IT products took up nearly 40 percent of Korea's exports last year‚ IT products took up only 30 percent of the pie.
And it looks like the trend will continue for this year as well.
According to recent data by the Korea Institute for Industrial Economics and Trade‚ non-IT products will remain strong in the nation's exports‚ as they are expected to post 14 percent growth in the latter half of this year‚ while overseas demand for IT products is forecast to grow by less than 10 percent.
Overseas shipment of automobiles‚ a key representative of non-IT products‚ increased by four percent over the last decade to make up around 13 percent of the nation's total exports‚ but the sales of semiconductors‚ one of Korea's leading IT exports‚ recorded a four percent drop to 12 percent.
However‚ the change in the country's exports can be seen from a positive perspective.
An industry expert says Korea's overseas sales‚ which are now less dependent on the performance of its IT industry‚ have become more stable and diverse like that of neighboring Japan.
Hwang Sung-hee‚ Arirang News.
Reporter : ssung86@arirang.co.kr

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