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Strategy to Enhance Overseas Expansion and Export in Digital Business

담당부서
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연락처

- A public-private partnership digital export development team will be sent to explore ASEAN markets such as Indonesia, Singapore, and Vietnam on June 5-10



Ministry of Science and ICT (MSIT) jointly announced the "Strategy to enhance overseas expansion and export in digital business" through the Service Industry Development Task Force on 5th June. The strategy is designed to break through the export.

 

 

 

In particular, based on Korea's accumulated digital capabilities, it contains practical tasks to actively respond to changes in the export paradigm, such as the recent spread of artificial intelligence and acceleration of digital transformation, and to diversify products and markets.

 

 

 

In 2022, ICT exports achieved the highest-ever performance, reaching USD 248.8 billion. However, starting from July 2022, there has been a decline compared to the same period of the previous year, mainly due to global economic slowdown. Furthermore, it is anticipated that difficulties will persist until the third quarter of 2022, considering the downturn in the semiconductor sector.

 

 

 

  On the other hand, the growth and dynamism of new markets are also emerging in accordance with hyper-scale technological innovations in the field of artificial intelligence such as ChatGPT. With the acceleration of digital transformation around the world, it is necessary to actively utilize rapidly changing opportunity factors to overcome the current export crisis.

 

 

 

  In this regard, the government will conduct the key measures as follows:

 

 

 

Firstly, based on the competitiveness of artificial intelligence platform, K-contents and memory semiconductors, outstanding achievements are expected to be generated in high-growth areas such as Saas (software-as-a-srvice), artificial intelligence semiconductor, and metaverse with high growth potential.

 

 

 

  Second, MSIT will explore emerging markets such as the Middle East, ASEAN, and Latin America, where digital transformation and hyper-scale infrastructure investments are underway and the digital market is growing dynamically due to the high proportion of young people.

 

 

 

  Third, MSIT will strengthen the global market entry support system to help digital innovative companies, which are the new export engines, grow into global companies and become the main players in the export market.

 

 

 

 

 

For further information, please contact the Public Relations Division (Phone: +82-44-202-4033, E-mail: yunay@korea.kr) of the Ministry of Science and ICT.

Please refer to the attached PDF.


KOGL Korea Open Government License, BY Type 1 : Source Indication The works of the Ministry of Science and ICT can be used under the terms of "KOGL Type 1".
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