South Korea's exports of information technology (IT) products grew 10.8 percent in 2006 from the previous year and will keep rising in 2007, the Ministry of Information and Communication said on Wednesday.

South Korea exported a total of 113.4 billion U.S. dollars worth of IT goods in 2006, while the imports of IT products grew 9. 1 percent year-on-year to 58.9 billion U.S. dollars last year, the ministry said in a report.

The expansion of IT exports was mainly led by the increase of semiconductors and display panels consumption in overseas market, which jumped 16.8 percent and 65.5 percent year-on-year respectively, said the ministry.

The ministry forecast that IT exports will grow 12.0 percent to 127 billion U.S. dollars in 2007, saying that South Korea's mobile phones, semiconductors and display products are expected to lead the industry.

Source: Xinhua