South Korea sees fall in ICT product exports

South Korea's export of the information and communications technology (ICT) products fell for 13 straight months in November on weak demand for locally-made chips, display panels and mobile phones, a government report showed.

The ICT exports tumbled 21.8 percent from a year earlier to $14.31 billion in November, continuing to dip for the 13th consecutive month since November last year, according to the Ministry of Trade, Industry and Energy.

Imports in the ICT sector reduced 6.9 percent to $9.09 billion, sending the trade surplus to $5.22 billion.