Asia’s fourth-largest economy came first with the value added in its ICT industry standing at 10.7 percent of the country’s total as of end-2013. (image: Kobiz Media / Korea Bizwire)
SEOUL, Aug. 11 (Korea Bizwire) – South Korea’s information and communications technology (ICT) sector has the largest portion of the value added against other segments among the Organization for Economic Cooperation and Development (OECD) members, thanks to its strength in electronics and optical productions, a report showed Tuesday.
Asia’s fourth-largest economy came first with the value added in its ICT industry standing at 10.7 percent of the country’s total as of end-2013, according to the 2015 OECD Digital Economy Outlook, based on a survey of 29 member countries.
Japan trailed with 7.02 percent, followed by Ireland with 6.99 percent and Sweden with 6.81 percent. The average was 5.5 percent.
The report cited the advancement in South Korea’s computing, electronics and optical-related areas as the main reason the country took the top spot.
However, overall South Korea lagged behind other nations, with the figure for other industries, such as software publishing, telecommunications and IT service, hovering far below the respective average.
Market watchers raised concerns, notably, over the relatively slow growth of the IT service industry in Korea, stressing the need for additional measures by the government that will help boost its expansion and lead to more job creation in the field.
(Yonhap)
