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RoK's ICT exports sharply increase in April

The Republic of Korea's exports of ICT products registered a fastest rise in nearly seven years in April on the surging global demand for semiconductors and displays.
RoK's ICT exports sharply increase in April ảnh 1A mobilephone component factory of Samsung in Bac Ninh province (Photo: VNA)

Hanoi (VNA) – The Republic of Korea's exports ofinformation and communications technology (ICT) products registered a fastest risein nearly seven years in April on the surging global demand for semiconductorsand displays, RoK news agency Yonhap reported.

A total of 15.55 billion USD worth of RoK-made ICT products were shipped aboardin April, up 24.2 percent from a year earlier, Yonhap cited the Ministry ofTrade, Industry and Energy’s statistics.

Meanwhile, ICT imports increased 8.5 percent to 7.88 billion USD in April, withthe country logging a trade surplus of 7.68 billion USD in the sector.

The ministry said the rising world demand for RoK-made semiconductors, displaysand computers drove the surge in ICT exports, offsetting weak exports of mobilephones.

However, overseas shipments of mobile phones sank 19.3 percent on-year to 1.81billion USD in the aftermath of the global production halt of SamsungElectronics' Galaxy Note 7 due to battery explosion.-VNA
VNA
#RoK #ICT #Samsung #Yonhap #Galaxy Note #ICT exports Korea (RoK)
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