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IT Exports from Korea to Balloon in February
March 12, 2004 (SEOUL) -- At a time when the domestic Korean economy has not yet seen light at the end of the tunnel, information technology (IT) products are getting much-needed accolades overseas.


The Ministry of Information and Communication (MOIC) announced March 10 that the volume of exports in IT products increased 51.4 percent year-on-year to US$5.72 billion in February.

The stellar performance in exports reflects higher shipments of mobile handsets and memory chips, according to MOIC.

Customs-cleared imports of IT products amounted to US$3.28 billion in February, an increase of 24.3 percent from a year ago.

MOIC also said Korea's IT trade surplus in the month registered US$2.43 billion.

(Maeil Business Newspaper, Korea)

http://neasia.nikkeibp.com/wcs/leaf?CID=onair/asabt/news/295421