South Korea supports software industry development

According to the Xinhua News Agency, Seoul, December 26th, South Korea’s Ministry of Knowledge Economy issued a report on the 26th that in order to achieve Korea’s per capita national income of US$40,000, the South Korean government must fully support the development of the software industry and strengthen the market competitiveness of the South Korean software industry.

According to the report, from the perspective of the current state of IT industry in South Korea, the hardware industry accounts for 76% of all IT industries, IT services industry accounts for 17%, and software industry accounts for only 7%; In the international IT market, the 30% share of the software industry is much higher than the 23% of the hardware industry.

The Korea Ministry of Knowledge Economy stated that South Korea’s IT industry has helped South Korea achieve its target of per capita national income exceeding 20,000 U.S. dollars and trade volume of 1 trillion U.S. dollars. However, in the long run, only by shifting the current hardware-oriented IT industry to software, can we further adapt to the development direction of the market, occupy a leading position in the world IT industry, and help South Korea achieve a per capita national income of 40,000 yuan. The goal of the dollar and the total trade volume of $2 trillion.

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