South Korea's ICT ministry said Wednesday the country's IT firms have successfully won some US$300 million in export deals at the World IT Show (WIS) held along the International Telecommunications Union gathering in Busan.

Some 120 local firms, including SK Telecom Co., KT Corp. and LG Uplus Inc., held talks with around 50 foreign companies such as China Unicom and Orange Polska from 17 countries before singing the deals, the Ministry of Science, ICT and Future Planning said. 

"The export deals are set to act as 'turning points' for local ICT firms, which seek to tap into emerging markets through ICT platforms and service packages," the ministry said.

The WIS is South Korea's largest ICT-related exhibit, participated in by more than 420 companies from home and abroad, including Samsung Electronics Co. and LG Electronics Inc.

The event is being held along the 19th ITU Plenipotentiary Conference, referred to as PP-14, which takes place from Oct. 20 to Nov. 7, in Busan, South Korea's largest port city. 

The ITU is an information and communications arm of the U.N.

that sets technological standards, allocates radio frequencies and satellite orbits, and works to improve the quality of communication services.(Yonhap)