Seoul: SiltaNews – News Desk
Exports by large companies in the Republic of Korea rose by approximately 10% year-on-year (YoY) in the fourth quarter, driven by increased global demand for semiconductors, government data showed on Tuesday. Outbound shipments from the top 917 of the country’s 70,223 exporting firms came to US$128.1 billion as of end-December, up 10.1% from a year ago, according to the data compiled by the Ministry of Data and Statistics.
The growth was primarily led by semiconductors, with exports of the sector rising 9.1% YoY, according to Yonhap News Agency. Exports by medium-sized businesses remained unchanged at $30.9 billion, while those from small companies advanced 10.8% on-year to $30.3 billion.