Korean Companies Challenging Promising Markets

Korean Companies Challenging Promising Markets, Bolstered by Continued Export Growth

Korea’s exports amounted to $58.28 billion in March, up 3.1% year-on-year. The export of semiconductors, the nation’s largest export product, recorded an amount close to the highest-ever March performance.
Semiconductor exports amounted to $13.1 billion, up 11.9% year-on-year. This is attributable to the strong demand for high value-added items such as high-bandwidth memory (HBM) and DDR5 used in the artificial intelligence (AI) and data center industries. Semiconductor exports exceeded $10 billion for nine consecutive months until January, increasing for 15 consecutive months compared to the same period last year, but turned to a decline in February.
Exports of computers ($1.2 billion, 33.1%) and wireless communication devices ($1.3 billion, 13.8%) also increased for two consecutive months, showing an increase in exports across all IT items. Display exports also increased by 2.9% to $1.5 billion, breaking the seven-month negative flows that had continued since August last year.
Korean exporters are continuing to actively challenge overseas markets to gradually increase their gradual growth of exports in the second quarter of this year, maintaining their growth engines in the global market in the first quarter.

POSKOM is an innovative leading manufacturer of X-ray imaging devices, and also conducts OEM business. POSKOM’s broad expertise has been developed over 27 years in manufacturing the world’s first battery-powered portable X-ray products, and high-frequency X-ray generators. POSKOM not only builds strong sales and service networks with its local representatives, but also partners with healthcare leaders in more than 50 countries for higher technological advances.
INVAIZ is developing keyboard and mouse-customizing SW, and suggesting usability improvements by applying AI and new digital work methods, and thus attracting promising global partners.
Waycen is an AI meditech specialized company developing medical AI software essential for the healthcare industry based on collaborative research with medical institutions. It is making full efforts to discover new markets in addition to its existing Southeast Asian markets including Vietnam.

 
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