Seoul: Record exports of information technology ... Operating profit is unprecedented for «Samsung»



Seoul - (UPI) - South Korea achieved a record in the volume of exports in the ICT sector in 2011, for the second year in a row, reaching the value 156 billion dollars. The news agency quoted «Yonhap» South Korean Ministry of Knowledge Economy said the country achieved a trade surplus in the IT sector to $ 75 billion.
This figure represents double the trade surplus, which reached $ 33 billion more than once, which shows the contribution of the information technology sector overall trade surplus for the country.
Despite the global financial crisis and the difficult external conditions, such as flooding in Thailand, there was a good performance of exports, smart phones and computer software products. The volume of exports of mobile annual increase amounted to 53.5 per cent valued at $ 11 billion.
The ministry predicted South Korea to achieve the largest volume of exports in the IT sector this year, despite the global economic recession in the IT market.
The Company reported «Samsung» Electronics, the largest for the production of memory chips and smart phones in the world, a record operating profit in the fourth quarter of last year was 5.2 trillion won (4.51 billion dollars). Quoted «Yonhap» for the company in a periodic report that the preliminary estimate of operating profit in the period of October (October) to December (December) recorded an increase of 72.8 percent. The operating profit of the company amounted to 3.01 trillion won in the same period of 2010





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