Korean phone companies encounter worst export in last 16 years

Phone companies all across the globe experienced a sluggish 2018 in sales due to the oversaturated market. Numbers for the past 12 months have started to arrive, with the first report coming straight from South Korea - the home of Samsung and LG. According to the Ministry of Science and ICT and the Institute of Information and Communications Technology Planning & Evaluation, mobile phone exports in 2018 totaled $14.61 billion, down 23% or about $4.4 billion, compared with 2017. This is the lowest figure since 2002, effectively meaning the last year was the worst for Korean...

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