April 26, 2024

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[THE INVESTOR] Korean exports of information and communications technology products reached a monthly record high in September on the back of brisk overseas sales of semiconductors, government data showed on Oct. 17.

A total of US$20.27 billion worth of ICT products were shipped overseas last month, up 5.3 percent from a year earlier, according to the data by the Ministry of Science and ICT.

The total exceeded the US$20 billion mark and set new records for two months in a row.

Exports of semiconductors made by Asia’s fourth-largest economy soared 44.5 percent on-year to an unprecedented US$9.62 billion fueled by steady demand.

Overseas shipments of computers and related equipment was up 4.1 percent on-year last month on the back of solid-state drive sales, the latest findings showed.

The ministry said exports of displays, meanwhile, decreased 11.1 percent on-year in the one-month period due to increased global competition for LCD panels as Chinese manufacturers produced more large-sized ones.

Combined overseas sales of mobile handsets and related parts also plunged 36.6 percent last month due to heated competition in the global market.

By region, shipments to China soared 16.6 percent on-year to reach a record high of US$11.62 billion, the latest findings showed.

By Song Seung-hyun and newswires (ssh@heraldcorp.com)