SKorea’s ICT export rises 28.2% in H1

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SEOUL ― South Korea’s export of information and communications technology (ICT) products rose in double digits in the first half of this year, government data showed on Monday.

The ICT products shipment soared 28.2 percent from a year earlier to $108.85 billion in the January-June period, according to the Ministry of Trade, Industry and Energy.

Semiconductor exports jumped 49.9 percent to 65.83 billion dollars in the cited six-month period on the back of the rapid growth in artificial intelligence.

Display panel shipment expanded 14.6 percent to 10.1 billion dollars on solid demand for panels used for TVs and computers, but mobile phone export decreased 2.8 percent to $5.58 billion.

Shipment for computers and peripherals spiked 35.6 percent to $5.99 billion, but communications equipment export declined 2.9 percent to $1.19 billion.

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Import for ICT products shrank 0.7 percent over the year to $67.78 billion in the first half, sending the trade surplus in the ICT industry to $41.07 billion.

Import for chips and display panels increased in the six-month period, but those for computers and mobile devices fell in single figures.

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