Korean Exporters Maintaining Pace of Growth

November 27, 2025 by Leave a Comment
https://korean-electronics.com//inquiry

Korea’s October exports reached $59.57 billion, a 3.6% increase year-on-year. This marks the highest-ever October export performance.
By product, exports of four of the 15 major export items increased in October. Semiconductor exports increased significantly by 25.4% to $15.73 billion, marking the eighth consecutive month of growth and the highest-ever October performance.
This growth was driven by strong demand for high-capacity, high-value-added memory, such as server-focused HBM and DDR5, which led to rising memory contract prices.
Computer exports also rose by 1.7% to $980 million, ending a three-month decline and turning positive.
However, there was a relatively high decline in exports of automobiles, auto parts, steel, general machinery, and home appliances, which are being heavily impacted by U.S. tariffs.
By region, exports increased to two of Korea’s nine major export regions in October. Exports to the United States decreased by 16.2% to $8.71 billion — the only region to record a double-digit decline among nine major regions — as key items such as automobiles, auto parts, steel, and general machinery weakened due to the imposition of tariffs by the USA.

Exports to China decreased slightly to $11.55 billion (-5.1%), but remaining above $11 billion for the second consecutive month. Exports to ASEAN decreased by 6.5% to $9.4 billion, as most items, excluding semiconductors, declined due to fewer working days in Korea due to the extended Chuseuk holiday.
With an aim to elevate their sustainable global leadership, Korean exporters are energetically seeking to develop and release competitive new items, which are expected to capture keen attention in global markets. In particular, Korea’s ICT companies are constantly unveiling new attractive, innovative items targeting global markets.


korean-electronics.com | Blog Magazine of korean electronics, brands and Goods

Filed Under: Cover Story Tagged With:

Korean Exporters

February 21, 2025 by Leave a Comment
https://korean-electronics.com//inquiry

Korean Exporters Taking Big-Steps For 2025
Recording the best exports ever last year

Korea’s exports rose by 8.2% year-on-year to US$683.8 billion, while imports decreased by 1.6% to $632 billion. The trade balance thus recorded a surplus of $51.8 billion, breaking the record for the largest export volume ever.
The top contributor to exports is semiconductors, which recorded the highest export volume ever, and exports of all IT items, including wireless communication devices, displays, and computers, showed consistently good performance.

Exports of semiconductors, the largest export item, increased by 43.9% to $141.9 billion, continuing the 14-month consecutive increase since November 2023 and breaking the previous record of $129.2 billion in 2022 in two years. In particular, in the fourth quarter, despite the decline in general memory prices, exports expanded, focusing on high value-added items such as DDR5 and HBM, leading to improved performance.
Exports of all IT items, including wireless communication devices, displays, and computers, also achieved a new record by recording positive figures for the first time in three years since 2021.

Automobile exports recorded $70.8 billion, maintaining a steady level from the previous year, due to some production disruptions caused by strikes in major auto and parts industries in the second half of the year, but continued to record good performances of over $70 billion for two consecutive years.
Ship exports reached $25.6 billion in 2021, with high value-added ships such as LNG carriers and large container ships ordered at high prices being exported in earnest.
In 2025, Korean exporters are seeking to pioneer promising global markets, backed by the competitiveness of their own products.


 
korean-electronics.com | Blog Magazine of korean electronics, brands and Goods

Filed Under: Special Report Tagged With:

Korean Exporters Introducing Attractive Export Items, Recording Continuous Positive Export Performance

May 27, 2024 by Leave a Comment
https://korean-electronics.com//inquiry

Korea’s exports in April recorded a double-digit increase. It has been ‘export-plus’ for seven months. This is thanks to the increase in exports of key items such as semiconductors, automobiles, etc.
In particular, semiconductor exports surged 56% compared to the same month last year. By country, exports to the United States reached an all-time high. The trade balance has also been in surplus for 11 consecutive months since June of last year.

Information and communication-related items such as semiconductors, displays, computers, and wireless communication devices recorded positive scores for all items for two consecutive months. Combined exports also achieved the highest growth rate of 46.6% this year and continued to increase for six consecutive months.
Korean exporters are continuously seeking to expand their business territories with market-leading export items ― and thus to elevate their global awareness in world markets.
ChoisTechnology launched a new model, XPM180Y, which contains only the necessary functions and is easy to use. The product has been improved so that anyone can use it easily and conveniently with simple instructions.

ESTsoft introduced PERSO LIVE, a generative (interactive) AI assistant service that combines ChatGPT with AI Human at the recently held 2024 World IT Show (WIT).
ONYCOM, INC recently unveiled ‘WPM’, a web-performance monitoring solution product of IMQA, a front-end performance management solution at the WIT.
At WIS, SKIA introduced SKIA_OPD, which uses augmented reality (AR) to educate patients about pathological phenomena, surgery, and progress. SKIA_OPD is an AR solution that reconstructs 2D medical images that can only be viewed on a monitor into 3D, and projects them onto the patient’s body in real time. It can accurately show the location of the CT being viewed and the shape and location of areas of interest, such as internal organs, bones, lesions, and blood vessels.
At CES 2024, Marketone introduced its hovering holographic product line that was completed through these efforts. Its outstanding characteristic is that it maximizes the versatility of the technology and products by upgrading the existing holographic technology, and supports the expression of images and interactions as if floating in the air, regardless of location or environment.
For the 5th issue of Korea Buyers Guide (Electronics), we will be introducing some Korean exporters with globally competitive export items.


  
korean-electronics.com | Blog Magazine of korean electronics, brands and Goods

Filed Under: Cover Story Tagged With: ,

Korean Exporters Advancing into New Potential Markets

June 12, 2023 by Leave a Comment
https://korean-electronics.com//inquiry

Korea’s exports decreased for seven consecutive months until April this year in the aftermath of the prolonged economic slump in the semiconductor sector, which produces the nation’s main export product.
Exports of automobiles also increased in April, but failed to make up for the slump in semiconductors, petrochemicals, and displays.
The Ministry of Trade, Industry and Energy (MOTIE) recently announced that the total amount of Korea’s exports in April was calculated at US$49.62 billion, which was a 14.2% decrease from April 2022.
As a result, the monthly export volume decreased from the same period last year for seven consecutive months from October 2022. In addition, the export scale in April was down from March 2023 ($55.1 billion).

Amidst this overall situation, Korean exporters are continuously making earnest efforts, including releasing new advanced items, to access new potential markets and thereby elevate their global brand awareness.
Kiturami recently launched its innovative window-mounted air conditioner that provides comfortable cooling with easy installation. The product is manufactured with a modern lattice-pattern design, providing a cool feeling, while at the same time being a design accessory that matches various interiors.
DSE, a company specializing in LED (Light-Emitting Diode) lighting, recently released four-type of rechargeable LED lanterns – emotional lantern, head lantern, multi lantern, and square lantern. They are considered essential items for camping, fishing, glamping, etc.

BOGONET has developed innovative artificial intelligence (AI) technology that automatically classifies the type, ratio, and condition of steel scraps, and it is thus currently drawing much attention.
CHUNGHO recently released its new direct-water ice water purifier Ice Tree (WI-35C80720N). It has a size of 25.4 cm in width and stores up to about 90 ice cubes, and features ample storage capacity to use a large amount of ice at once, and provides 6kg (about 600 ice cubes) of ice per day.


 
 
korean-electronics.com | Blog Magazine of korean electronics, brands and Goods

Filed Under: Cover Story Tagged With: ,