ID :
48682
Tue, 03/03/2009 - 12:17
Auther :
Shortlink :
https://www.oananews.org//node/48682
The shortlink copeid
Gov't set to help boost falling IT exports
By Lee Joon-seung
SEOUL, March 3 (Yonhap) -- The government plans to provide extensive marketing and administrative support to help local information technology (IT) companies cope with falling exports in the face of the worldwide economic slump, officials said Tuesday.
The plan calls for 5.8 billion won (US$3.6 million) to be used this year, with
administrative assistance being offered to attract business tie-ups, hold
exhibitions and help local companies gain entry into overseas IT networks and
parts markets, the Ministry of Knowledge Economy said.
The measures come as the ministry announced last month predictions that the
country's IT exports will fall 10 percent on-year due to sluggish demand and
lower prices for key components like semiconductors and display panels.
In 2008, exports of semiconductors, mobile phones, digital TVs and other IT
products reached US$131.3 billion, a mere 0.9 percent gain from the year before.
"The current crisis warrants more systematic support especially for small- and
medium- sized enterprises," said Cho Seok, head of the ministry's industrial
growth office.
Seoul plans to "customize" support so companies specializing in digital multimedia
broadcasting (DMB), wireless broadband (WiBro) and electronic governance
technologies generally used by the public sector can participate in large trade
exhibitions, Cho said, giving them more exposure overseas.
The government will also make efforts to attract new buyers of Korean-made
semiconductors, displays and mobile communications equipment.
South Korea already enjoys considerable competitiveness in these sectors,
although exports of semiconductors and displays plunged 40 percent and 26
percent, respectively, on-year in February.
The ministry in charge of industrial policy and trade promotion added that it
will help conduct overseas market research, attract new investors and boost
industry fair participation for firms specializing in radio frequency
identification tags, ubiquitous sensor networks and robotics, among other areas.
SEOUL, March 3 (Yonhap) -- The government plans to provide extensive marketing and administrative support to help local information technology (IT) companies cope with falling exports in the face of the worldwide economic slump, officials said Tuesday.
The plan calls for 5.8 billion won (US$3.6 million) to be used this year, with
administrative assistance being offered to attract business tie-ups, hold
exhibitions and help local companies gain entry into overseas IT networks and
parts markets, the Ministry of Knowledge Economy said.
The measures come as the ministry announced last month predictions that the
country's IT exports will fall 10 percent on-year due to sluggish demand and
lower prices for key components like semiconductors and display panels.
In 2008, exports of semiconductors, mobile phones, digital TVs and other IT
products reached US$131.3 billion, a mere 0.9 percent gain from the year before.
"The current crisis warrants more systematic support especially for small- and
medium- sized enterprises," said Cho Seok, head of the ministry's industrial
growth office.
Seoul plans to "customize" support so companies specializing in digital multimedia
broadcasting (DMB), wireless broadband (WiBro) and electronic governance
technologies generally used by the public sector can participate in large trade
exhibitions, Cho said, giving them more exposure overseas.
The government will also make efforts to attract new buyers of Korean-made
semiconductors, displays and mobile communications equipment.
South Korea already enjoys considerable competitiveness in these sectors,
although exports of semiconductors and displays plunged 40 percent and 26
percent, respectively, on-year in February.
The ministry in charge of industrial policy and trade promotion added that it
will help conduct overseas market research, attract new investors and boost
industry fair participation for firms specializing in radio frequency
identification tags, ubiquitous sensor networks and robotics, among other areas.
