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The Korea Herald
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THE INVESTOR
March 29, 2024

Economy

[THE INVESTOR] Exports by Korea’s venture startups hit a record high last year helped by surging shipments of instrumentation and control devices and semiconductor production equipment to China and Vietnam, industry data showed on Jan. 19.

  • PUBLISHED :January 19, 2018 - 10:00
  • UPDATED :January 19, 2018 - 10:00
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[THE INVESTOR] Exports by Korea’s venture startups hit a record high last year helped by surging shipments of instrumentation and control devices and semiconductor production equipment to China and Vietnam, industry data showed on Jan. 19.

The amount reached US$19.8 billion, up 9.9 percent from the previous year, according to the statistics provided by the Korea International Trade Association.

The figure compares to US$16.7 billion in 2014 and US$18 billion in 2016.

By country, exports by startups to China rose 7.3 percent to US$5 billion last year from a year earlier.

Shipments to Vietnam increased 39.0 percent to US$2.7 billion last year from the previous year.

The United States came in third at US$2.5 billion, up 4.9 percent from a year ago.

By item, shipments of instrumentation and control devices surged 58.5 percent while exports of semiconductor production equipment and flat panel displays expanded 29.5 percent and 21.6 percent each.

Exports of soap, toothpaste and cosmetics also rose 22.6 percent.

By Alex Lee and newswires (alexlee@heraldcorp.com)

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