Korean ICT Industry

Korean ICT production reached $260.9 billion in 2008 and $347.8 billion in 2010. The ICT production in 2014 was $381.6 billion, up 1.8% from the previous year, and growing at an annual rate of 5.6% since 2008.
In 2014, ICT services increased 2.6% from 2013, ICT equipment was up 1.5%, and SW was up 2.4%. Profits and market shares are as follows : ICT services totaled $62.3 billion and comprised 16.3% of the ICT market, ICT equipment(including applied infrastructure devices) totaled $287.6 billion or 75.4% of the market, and SW totaled $31.7 billion, or 8.3% of the market.

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In 2014, the production of small ICT companies totaled $121 billion, up 3.6% from the previous year, and their share was 31.7% of the total ICT industry. By item, ICT equipment sales were $89 billion, down 1.0% from the previous year; SW sales were $18.2 billion, up 38.9%; ICT services sales were $13.9 billion, down 0.2%.
In 2014, exports of ICT totaled $173.9 billion, up 2.6% from 2013. Meanwhile, imports totaled $87.6 billion, up 8.3% from 2013. Thus, the trade surplus was $86.3 billion, down 2.6% from 2013.
In 2014, Korean SW exports totaled $5.33 billion, up 27.1% from the previous year. Among them, SW package exports totaled $2.64 billion, up 25.4%; IT service exports totaled $2.69, up 28.8%. In 2014, the IT export share of SW packages was 49.5%, while IT services 50.5%. Meanwhile, the compound annual growth rate(CAGR) of SW exports was as high as 39.1% between 2009 ($1.02 billion) and 2014.
In 2014, the exports by small ICT companies was $27.4 billion, down 1.8% from last year, covering 15.8% of total ICT exports. Its CAGR from 2008 till 2014 was 9.6%.
In 2013, the number of Korean ICT companies was 19,664, up 0.6% from last year. By item, the number of companies producing ICT equipment was 9,058, covering 46.1% of total; SW(package SW, IT service) companies were 7,103, covering 36.1%; ICT service companies were 3,503, covering 17.8%.
In 2014, workers in the ICT industry numbered 1,639,000, or 9.5% of all industrial workers. Of these, 871,000 were specialty workers within the ICT industry, 217,000 were workers in ICT-related industries, while 551,000 were ICT workers in other industries.

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<Source : 2015 Annual Report on the Promotion of the Korean ICT Industry by Ministry of Science, ICT and Future Planning>

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