Export in IT, Digital Electronics Continues to Grow in the 1st Quarter

Wednesday, April 04, 2007

Export in IT and a Digital Electronics area has been growing continuously 1st quarter this year recording double-digit growth in regard to major countries such as China and the U.S. Ministry of Commerce, Industry and Energy (MCIE) announced on 3rd that export in digital electronics has increased by 9.3% amounting to US$29.19 billion, and import has increased by 8.3% amounting to US$15.98 billion, thus making a trade balance surplus increased by 10.5% amounting to US$13.2 billion. Regarding that the surplus for the whole industry in the 1st quarter was US$ 2.99 billion, the digital electronics area, which recorded US$ 13.2 billion of surplus, was standing out.


Korean Electronics Industry Avoided The Worst Situation Thanks

Thursday, March 29, 2007

As the exchange rate keeps stable in spite of the prospect for decreased exchange rate, it is getting attention of the industry how exchange rate would affect the main electronics industry. 2 biggest IT companies Samsung Electronics and LG Electronics set the management plans low, expecting the rate to a dollar lower than 900 won or even 800 won, but the exchange rate keeps at around 940 won for last 3 months. With this situation, both companies with big ratio of export are paying attention to the exchange rate while expecting the positive effect in the 1st quarter.