South Korea's IT sector is enjoying an export boom as it rose for the eighth straight month in April to register a 17.5 percent increase from the same time last year.
Citing figures from the country's Ministry of Trade, Industry and Energy (MOTIE), Xinhua reported Thursday that IT exports hit US$14.13 billion last month. In fact, for the first four months of 2013, IT exports grew 11.4 percent to reach US$52.83 billion--the highest in South Korea's history, it added.
MOTIE attributed the brisk exports to strong demand from emerging economies, the report added. Exports to China, for example, spiked 17.1 percent in April from last year, and the growth was even bigger for Southest Asian markets at 39.9 percent.
Chief among the exports were handsets and memory chips, and these boosted April figures, the ministry added. Shipments of mobile phones, including smartphones, hit 50.4 percent while memory chip exports jumped 34.6 percent, it noted.