Menu Content
Go Top

Economy

S. Korea Sees Plunge in Domestic Production of Smartphones

Written: 2018-10-23 13:53:49Updated: 2018-10-23 13:56:58

S. Korea Sees Plunge in Domestic Production of Smartphones

Photo : YONHAP News

The number of smartphones produced in South Korea sharply decreased this year from a decade ago. 

Industry consulting firm Strategy Analytics estimated on Tuesday that about 25 million smartphones were produced domestically this year, about one sixth or 18-point-four percent of the comparable figure for 2008.   

Domestic output accounted for just one-point-three percent of global production this year, a plunge from eleven-point-four percent ten years ago. 

The fall is attributed to local smartphone manufacturers relocating their plants overseas to reduce production costs. 

South Korea is the world's fifth largest smartphone producer, after China, India, Vietnam and Brazil.

Editor's Pick

Close

This website uses cookies and other technology to enhance quality of service. Continuous usage of the website will be considered as giving consent to the application of such technology and the policy of KBS. For further details >