The government will expand software-centered information and communication technology (ICT) exports, such as AI and metaverse, and promote market diversification to help domestic companies enter the Middle East, Japan and ASEAN markets as Korea's exports show signs of being impacted considerably by the U.S.-China trade dispute and the global economic downturn, officials said, Monday.
The Ministry of Science and ICT announced a strategy to expand the country's high-tech exports by encouraging domestic companies to enter new markets and foster innovative companies in the software sector during a service industry development task force meeting chaired by Choo Kyung-ho, deputy prime minister for economic affairs, and minister of economy and finance.