[THE INVESTOR] South Korea’s exports of information and communications technology products fell at the slowest pace in 10 months in August, government data showed Sept. 12.

ICT exports reached US$14.13 billion last month, down 2.1 from $14.43 billion a year ago, according to the data compiled by the Ministry of Trade, Industry and Energy.

The August figure extended its losing streak to 10 straight months starting in October last year, but also marked the slowest on-year decline since the same month when it posted a 1.6 percent drop.

For the first eight months of the year, ICT exports shrank 8.9 percent on-year to $103.53 billion.

Exports of ICT goods accounted for 35.2 percent of the country‘s $40.13 billion in overall shipments abroad over the one-month period.

South Korea’s exports rebounded 2.6 percent in August to land in positive territory for the first time in 20 months on the back of increased working days.

Imports of foreign ICT products edged down 0.1 percent on-year to $7.53 billion last month, with the country logging a trade surplus of $6.59 billion in the sector.

The Trade Ministry said rising demand for South Korean chips and computers led the improvement in ICT exports, partly offset by weak exports of mobile phones and flat display panels.

(theinvestor@heraldcorp.com)