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2022/01/13 16:19:36

South Korea IT Market

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Main article: South Korea

2023: Robots start teaching English to schoolchildren in South Korea

At the end of November 2023, the Seoul Education Authority announced that robotic tutors would appear in South Korean primary and secondary schools to help students learn English. We are talking about the use of specially designed "electronic teachers" based on artificial intelligence. Read more here.

2022: South Korean authorities announce metaverse state project and invest $187 million in it

At the end of February 2022, the South Korean government announced the allocation of $187 million for the implementation of the national metaverse project Expanded Virtual World, which, according to the authorities, will contribute to the prosperity of business and industry in the state. The head of the Department of Communications and Policy of the Ministry Pak Yungyuv his statement said that this initiative to create a virtual platform is part of a broader course on digital technologies that the country has chosen. Read more here.

2021: South Korean ICT exports rise 24% to $227.6 billion

The export of information and communication technologies (ICT) from South Korea in 2021 reached a record $227.6 billion, an increase of 24% compared to 2020. This is evidenced by the data of the Ministry of Science and Information and Communication Technologies of the country (MTIE), published on January 12, 2022.

The agency has been collecting relevant statistics since 1996. According to the data provided, the South Korean import of ICT products and services at the end of 2021 turned out to be $135 billion. As a result, the trade surplus in this industry amounted to $92.6 billion.

South Korean ICT exports up 24% to $227.6 billion

MTIE notes that record ICT exports are provided by South Korea thanks to increased demand for semiconductors, displays, mobile phones, solid state drives and batteries. The volume of supplies to China, Vietnam, the USA, the EU and Japan has grown significantly. The volume of supplies to China increased by 23.8% and amounted to $107.5 billion, to Vietnam - by 18%, to $35.1 billion, in the United States - by 26.6%, to $27.9 billion.

At the end of 2021, chips worth $128.7 billion were exported from South Korea, which is 28.4% higher than a year ago. Shipments of displays and mobile phones abroad increased by double digits and reached $24.7 billion and $14 billion, respectively. By the end of 2021, the export of computers and peripherals for them rose by 25% compared to 2020.

After the end of the Korean War in 1953, the country was one of the poorest in the world. Thanks to political reforms and investments in modern technology South Korea , it has quickly become one of the most developed countries in the world. The driving force behind the economic miracle of South Korea was several hundred large corporations, which are part of 63 family conglomerates (chaebol), analysts point out. McKinsey[1]

2019: South Korea ditches Windows 7 and switches to Linux

In mid-May 2019 Ministry of the Interior and Safety , it announced a large-scale project to transfer the computers governmental of institutions with. Windows on Linux This decision was made in connection with the upcoming end of the support period. Windows 7 More. here

2018: High mobile data prices

2016: Creating a $66bn Silicon Valley counterpart

In January 2016, it became known about South Korea's intentions to create its own Silicon Valley. It is planned to invest almost $66 billion in it, according to the online publication ZDNet, citing a report by the Ministry of Science, ICT and Future Planning, MSIFP, presented to the country's President Park Geun-hye.

The South Korean technology cluster, similar to that located in California (USA), will be located in the city of Pange (south of Seoul), in which such large local IT companies as Kakao and Nexon are already based.

South Korean President Park Geun-hye presented a report on the creation of an analogue of Silicon Valley in the country

Residents of the new center, unofficially dubbed the "Asian Silicon Valley," will be both local and foreign companies representing various areas: IT, robotics, biology, healthcare, automotive technology, power, etc. Startups will be able to count on administrative and financial assistance.

The volume of direct investment in companies from the country's budget will amount to 8 trillion ($6.6 billion), and the cost of the entire project is estimated at 80 trillion won ($65.9 billion). The timing of the start of the project is not reported.

The South Korean government intends to continue the development of the national Center of Creative Economy and Innovation (CCEI) program, which involves the launch of business incubators with the support of local giants such as Samsung and LG.

As part of this program, a center for the development of technologies for augmented and virtual reality, computer graphics and 3D content will be created in Seongnam (a southern suburb of Seoul).

The projects in Pang and Seongnam should be the growth driver for the South Korean tech industry. The country's authorities intend not only to create the necessary infrastructure in these zones, but also to provide them with various educational programs, as well as help with advertising at national and international events with the participation of representatives of Korean show business and pop culture, which is very popular in the world (especially in Asian countries). [2]

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