Production of 53 trillion won, exports of $5 billion in SW industry within 5 yearsTo secure Korea's location as an SW (software) powerhouse in the coming years, Korea's Ministry of Information & Communication (MIC) is planning to nurture the SW industry intensively as national infrastructure.Through a report meeting regarding "SW Industry Development Strategy" held in COEX in Seoul at the begi

Korea's software industry to emerge as a global playerAs the Korean government shifts the IT industry's axis from IT powerhouse to SW (software) powerhouse from 2006, the importance of the SW industry as a core IT industry is rapidly gathering strength. Korea's SW industry is the fastest developing industry among all the IT industries and it is also an industry which boosts other industries' pro

Korea emerging as one of global top three in the game market by 2010, grabbing 5% share of the world marketBy Yeon Chul-woong Staff reporter The nation's game industry, the market size of which had grown to 4.3 trillion won in 2004, a 9.6% rise from the previous year, is estimated to have increased by about 10% to 4.8 trillion won in 2005. According to chairman Kim Yeongman, KAOGI (the Korean As

Ministry of Culture and TourismWith strong government support, Korea's game industry plans diversification of markets and overseas roadshows are lined up for 2006With the Korean government showing keener interest in nurturing the country's burgeoning game industry, a Game Industry Division was recently established for the first time within the Ministry of Culture and Tourism (MCT).The establ

Korea's game exports trebled in the first five years of the new millennium to $3.4 billion in 2005The following is an excerpted version of a contributory article by Kim Yeongman( Alex Kim), chairman of the Korean Association of Game Industry (KAOGI) as well as CEO of Hanbitsoft...Ed.The nation's game industry, the market size of which had grown to 4.3 trillion won in 2004, a 9.6 percent rise

Korea-China Game Industry Development AssociationKorea-China Game Industry Development Association constructs a win-win business bridge Merging Technology and Market SizeKorea's game technology and China's huge market are seen as complementing each other perfectly. Yet, since there is not up till now a vast bridge of business, which can boost mutual confidence and collaboration, the two countr

By overcoming challenges in 2006, such as China market, 'pay-to-play and social jealousy, there is hope for Korea's game industryThe main challenges confronting Korea's game business circles this year were named as the China market, pay-toplay, and overcoming rivalries.To begin with, regarding the attractive, but threatening, China market, Korean online game's power is rapidly declining in Chi

Aiming to be a leader in Korea's game industry, MGAME is winning awards and exporting to over 20 countries worldwideIn 2006, MGAME Corp. aims at entering the ranks of the nation's top three game portals, Park Young-soo, CEO of the game company, said.As a number of game companies carried out game business or announced plans to advance into the industry last year, the competition in the game in

According to forecasts by the Ministry of Commerce, Industry and Energy (MOCIE), Korea's major industries are expected to achieve substantial growth in 2006, aided by robust exports as well as the quick pace of recovery in corporate investment, domestic demand, and consumer spending.By industry, information technology (IT), automobiles, general machinery, displays, and steel are forecast to main

The New Year's stock market challenges KOSPI 1600 mark age following last year's brisk market. Major securities companies at home forecast that this year's stock market would continue last year's bull pace, encouraged by corporate profit improvement, balanced growth of export/domestic demand, good environment of demand and supply and so forth.To begin with, KOSPI index which has repeated the hig

Overdependence on IT exports an Achilles'HeelKorea's information technology (IT) industry is facing daunting challenges from global rivals to its competitive edge and market share. Whether the domestic makers of computer chips and flat display panels can prevail in this industrial war is important, as these sectors constitute the backbone of the national economy now. The Korean firms appear conf

Landmark trade figure lifts Korea to No.12 trading nationDespite the three-year economic stagnation, the nation is set for a new milestone achievement in global trade this year as the trade volume is to exceed $500 billion, making it the 12th largest trader in the world. More specifically, the figure for the year is expected to reach $545 billion, with $285 billion in exports and $260 billion in

Key to Korea's Economic RevivalThis year marks the 42nd anniversary of the government's christening of the 30th of November as the Trade Day, commemorating the attainment of $100 million in exports in 1964.During the period since then, the nation's trade volume has soared, giving rise to a forecast that the figure for this year will be an astounding one of over $500 billion.Behind the scenes

Terrestrial DMB launch: Information and Communication Minister Chin Dae-je, fourth from left, pushes the button together with other dignitaries in a ceremony to begin terrestrial digital multimedia broadcasting (DMB) at the KBS network headquarters in Yoido, Seoul. Public response was limited because DMB signals cannot be received by mobile phones and broadcasting is only available in Seoul and it

IT/Electronics Exports Riding the $100 bil. Wave!Korea's total amount of trade is certain to break through the US$ 500 billion mark this year.In essence, this remarkable accomplishment means that the nation is on the verge of becoming an advanced economy. The Korea International Trade Association (KITA) said in a recent press conference that the amount of trade exceeded US$ 440 billion as of t

Electronics firms in South Korea see both export and domestic sales recording robust growth next year owing to favorable market conditions and an improving national image abroad.Based on surveys and reports from various market researchers, the Korea Electronics Association issued an upbeat outlook that the export of electronics parts and appliances will increase by 11.4 percent to $114.7 billion

MOCIE prepares E-trade for new paradigm of global tradeRecently, the Ministry of Commerce, Industry, and Energy (MOCIE) announced that Korea's exports would likely record US$285 billion this year, with imports at US$260 billion. Accordingly, the total trade volume for 2005 is expected to reach about $545 billion. On the occasion of "Trade Day," the Korea IT Times had an interview with Lee Hee-be

2005 Trade Will Surpass $500 Bil.Q: MOCIE said that Korea's trade volume is expected to reach US$500 billion mark in December 2005. What is the significance of reaching a trade volume of US$500 billion?A: As you have said, the trade volume of US$500 billion is likely to be reached in early December 2005. In spite of the difficult economic conditions such as soaring oil prices and unfavorable e

Aiming to be one of the world's top three game powers by 2010With the official launch of Korea's 2010 Advisory Committee for the Game Industry as an impetus, the entry of the Korean game industry into one of world's top three by 2010 is set to become a reality.Domestic game industry, in the meanwhile, has posted a high growth, but the environment at home and abroad is not at any cost favorable