Wednesday, December 19, 2007

[ News, Science / Tech, December 18 2007] Korean IT sector forecast to grow 4.6 % next year

Korea’s information technology (IT) sector is forecast to expand 4.6 percent in 2008 from a year earlier, mainly driven by software and IT services, an industry researcher said Tuesday (Dec. 18).

The growth outlook is higher than an estimated 3.7 percent for this year, IDC Korea said in a report.

The researcher, however, expected the global IT industry to expand by 5.5 percent to 6 percent next year, slower than the 6.9 percent predicted for this year, as concerns over a global economic slowdown could lead to reduced investment in the tech sector.

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