riding on the back of growing global demand... korea's display market is about to get a significantlift. that coupled with a weakened value of currency,things are looking up up for the backbone of asia's fourth-largest economy. shin se-min breaks down how these factorscould help drive higher the overall exports of korea. korea may see signs of positivity in exportsnext year, driven by improved global demand for its oled panels. analytics firm ihs markit projects that theglobal oled market will grow 32-percent in
2017,… totaling 19-point-2 billion u.s.dollars,… with shipments reaching 630-million units. already the increased production is beingreflected in outbound shipments,… driving up the country's it-related item exports by3-point-3 percent in november, on-year. and major korean manufacturers are rollingup their sleeves. samsung display has already poured over 4-point-9billion dollars into making small and mid-sized oled panels for smartphones and tablets duringthe first three quarters this year, and plans to invest an additional 4-billion next year. the decision follows a deal samsung reportedlystruck with apple for next year,… that includes
supplying it with a large volume of oled panelsfor the next iphone series. another big player, lg display revamped itsbusiness to focus on oled technology,… and is also seeking to bump up its productionof oled tv panels to 1-point-7 million,… from its initial goal of one-and-a-half millionset early this year. all this,… could help bolster export growthespecially with a weakened korean won. "it's a positive influence on both korea'simport and export fronts. with the korean won depreciating,… localexporters will be able to make more profit,… and that trend is likely to continue for sometime next year, given the fed's projection of at least three additional rate hikes."
korea's central bank estimated that exportprices on a won basis went up 4-point-1 percent in november on-month,… the highest increasein over seven years. overall exports jumped 2-point-7 percent lastmonth... after nosediving 6-point-3 percent on-year in october due to the production haltof samsung's galaxy note 7 and a prolonged unionized-strike in the automobile industry. shin se-min, arirang news.
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