Search results for trade surplus
Industry
April ICT exports hit $42.71 billion on semiconductor tailwinds
South Korea\'s information and communications technology exports in April rose 125.9% from a year earlier to $42.71 billion, while imports increased 33.3% to $16.16 billion, resulting in a $26.55 billion trade surplus. Exports stayed above $40 billion for a second straight month. Semiconductors, mobile phones, computers and peripherals, and communications equipment posted gains, while displays fell. Exports to major markets including the United States and China increased.
Telecommunications & Media
Ministry silos hobble K-media, calls grow for pan-government national strategy committee
A claim was raised that South Korea urgently needs a pan-government committee to integrate and coordinate scattered media policies to turn K-content’s global achievements into domestic industrial competitiveness. At a National Assembly forum, Kyung Hee University professor Sang-won Lee (이상원) said ministry separation has left no media policy control tower. Participants cited widening gaps in broadcasting and advertising and proposed creating a national strategy committee and establishing a 1 trillion to 2 trillion won fund.
Industry
South Korea technology trade tops $40 billion for first time; exports and imports hit records
South Korea’s technology trade totalled $40.57 billion in 2024, up $1.97 billion from the previous year and passing $40 billion for the first time, the Ministry of Science and ICT said on Thursday. Technology exports rose 4.1 percent to $18.36 billion and technology imports increased 6.0 percent to $22.21 billion, both record highs. The United States was the largest partner, while China posted the biggest surplus.
