emirates7 - In November, South Korea's information and communication technology (ICT) industry achieved an export value exceeding $20 billion for the fourth consecutive month. While the cumulative semiconductor exports reached a record high, driving industry growth, the pace of increase slowed due to weaker performance in displays and smartphones.
According to the Ministry of Science and ICT's report on November's ICT export and import trends, the export value last month amounted to $20.5 billion, marking the fourth straight month above $20 billion since August. However, the year-on-year growth rate was limited to 14.8%. This represents a decline from the 30% growth seen between April and July, which dropped to the 20% range from August to October and further to the 10% range in November. Cumulative exports from January to November totaled $212.4 billion, a 26.1% increase compared to the same period in the previous year.
Semiconductors, computers, and peripheral devices continued to lead export growth in November. Memory semiconductor exports surged to $7.96 billion, a 52% rise driven by increased investments in artificial intelligence (AI) servers, which boosted demand for high-bandwidth memory (HBM). System semiconductor exports also grew by 1.9%, reaching $3.96 billion.
Overall, semiconductor exports saw a 30.3% year-on-year increase, maintaining double-digit growth for the 13th consecutive month. The cumulative semiconductor export value up to November hit a record $127.5 billion. Exports of computers and peripheral devices also soared by 98.6% to $1.15 billion, fueled by rising demand for solid-state drives (SSDs) used in data center servers.
In contrast, exports of displays fell by 20.1% to $1.67 billion, while mobile phone exports declined by 6.2% to $1.45 billion, affected by reduced demand for components and other factors. Exports of telecommunications equipment also dropped by 3.8% to $200 million.
According to the Ministry of Science and ICT's report on November's ICT export and import trends, the export value last month amounted to $20.5 billion, marking the fourth straight month above $20 billion since August. However, the year-on-year growth rate was limited to 14.8%. This represents a decline from the 30% growth seen between April and July, which dropped to the 20% range from August to October and further to the 10% range in November. Cumulative exports from January to November totaled $212.4 billion, a 26.1% increase compared to the same period in the previous year.
Semiconductors, computers, and peripheral devices continued to lead export growth in November. Memory semiconductor exports surged to $7.96 billion, a 52% rise driven by increased investments in artificial intelligence (AI) servers, which boosted demand for high-bandwidth memory (HBM). System semiconductor exports also grew by 1.9%, reaching $3.96 billion.
Overall, semiconductor exports saw a 30.3% year-on-year increase, maintaining double-digit growth for the 13th consecutive month. The cumulative semiconductor export value up to November hit a record $127.5 billion. Exports of computers and peripheral devices also soared by 98.6% to $1.15 billion, fueled by rising demand for solid-state drives (SSDs) used in data center servers.
In contrast, exports of displays fell by 20.1% to $1.67 billion, while mobile phone exports declined by 6.2% to $1.45 billion, affected by reduced demand for components and other factors. Exports of telecommunications equipment also dropped by 3.8% to $200 million.