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A Study on How to Improve Exports of ICT Companies due to Changes in the Financial Environment

  • Journal of Internet of Things and Convergence
  • Abbr : JKIOTS
  • 2023, 9(4), pp.77-86
  • Publisher : The Korea Internet of Things Society
  • Research Area : Engineering > Computer Science > Internet Information Processing
  • Received : May 29, 2023
  • Accepted : August 7, 2023
  • Published : August 31, 2023

Lee, Sangho 1 Kwangmoon Cho 1

1목포대학교

Accredited

ABSTRACT

The purpose of this study is to verify the economic indicator factors affecting the exports of ICT companies according to changes in the domestic and foreign financial environment. Data were collected and analyzed from January 2020 to April 2023 by the Ministry of Science and ICT and the Bank of Korea economic statistics system. The variables used were ICT company exports, Korean interest rate, producer price index, export price index, total wages, won/dollar exchange rate, won/yuan exchange rate and won/yen exchange rate. The results of the study are as follows. First, there were differences in Korean interest rates, producer price index, export price index, total wages, won/dollar exchange rate, won/yuan exchange rate and won/yen exchange rate due to the US Giant Step interest rate hike. Second, the economic variable that has the highest impact on ICT companies' exports was the Korean interest rate, followed by the export price index, producer price index and total wages in that order. Third, the exchange rate variable with the highest influence on ICT companies' exports was the won/yuan exchange rate, followed by the won/dollar exchange rate. Fourth, it was found that as the Korean interest rate decreases, ICT companies' exports increase, but the won/yuan exchange rate controls them. Fifth, as the export price index increases, ICT companies' exports increase, but the won/yen exchange rate controls it. In addition, as total wages increase, ICT companies' exports increase, but the won/yen exchange rate controls them. It is hoped that the results of this study will be utilized in the ICT industry and serve as a basis for contributing to the enhancement of national competitiveness.

Citation status

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