RSS

Current Headl


Brightbridge Wealth Management Financial and Investment Advice, Current headlines

SEOUL, Sept. 7 (Yonhap) — South Korea’s exports of information technology (IT) products shrank from a year earlier for the second straight month in August largely on lower global prices, the government said Wednesday.

The country exported US$13.06 billion worth of IT products last month, down 2.4 percent from $13.39 billion in the same month last year, according to the Ministry of Knowledge Economy.

The country’s trade surplus in the IT sector dwindled from slightly over $7 billion last year to $5.97 billion as its IT imports surged 11.2 percent on-year to $7.1 billion.

In the first eight months of the year, South Korea shipped $99.75 billion worth of IT products, up 34.7 percent from the same period last year.