According to the Korean Ministry of Science and Information and Communication Technology showed that the export value of ICT products, including semiconductors, panels, etc., decreased to 19.3 billion US dollars in August, which is not as good as the same period last year.
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Moreover, the report stated that the export value of major product categories in the Korean ICT field in August fell year-on-year, due to the decline in demand due to the global economic slowdown and the reduction in the production of ICT products.
According to the data released by the Ministry of Science and Information and Communication Technology of Korea, the export value of semiconductors, the main ICT export products, in August was 11 billion US dollars, down 6.8% year-on-year, accounting for 56.8% of ICT product exports.
Among other key ICT products, exports in August also declined to vary degrees. Among them, panel exports were US$2.1 billion, down 5.3% year-on-year; smartphone exports were US$1.1 billion, down 3.3% year-on-year; computer-related product exports were 12.6 %. billion, down 25.3% year-on-year.
