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Republic of Korea: IT Posts Record Exports, Surplus
Source: chosun.com
Source Date: Thursday, August 05, 2010
Focus: Institution and HR Management
Country: Korea (Republic of)
Created: Aug 09, 2010

The IT sector posted record exports and a record trade surplus for July. The Ministry of Knowledge Economy on Wednesday said IT exports rose 26.9 percent on-year to W13.79 billion (US$1=W1,169) in July while imports increased 13.7 percent to W6.56 billion, resulting in a trade surplus of W7.23 billion. This is the first time the sector's surplus topped the W7 billion mark.
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