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Introducing Korea’s SMEs
Each month, KOTRA Express introduces one Korean SME that seeks to expand its network. In the December issue, we take a look at one of Korea’s most promising IT companies.
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   Established in 1994, MDS Technology is a fast-growing leader of embedded solution companies in Korea. MDS Technology provides comprehensive, cutting- edge embedded solutions in diverse sectors such as the automotive, mobile, digital device and aerospace industry.
   With branch offices in countries like Singapore, India and Thailand, MDS Technology also provides Window Embedded OS and Windows Mobile Solution for partners in Southeast Asia, India and Oceania. The company not only develops software development tools, it also provides debugging solutions (TRACE 32) for design automation, test automation and invehicle infotainment. Most notably, the company participated in the Ministry of Trade, Industry and Energy's International Materials & Components Forum on Nov.15-16 to showcase its state-of-the-art technology.
   As a unique IT convergence solution company, MDS Technology has attracted a prominent client base of about 1,500 companies, including Samsung, LG, Hyundai and SK. As it continues to expand its business to the ICT field, including IoT and big data, MDS Technology shows no sign of slowing down.

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  • Contact Info:
  • MDS Technology
  • Address : 3F Pangyo Seven Venture
    Valley, 17, Pangyo-ro 228beon-gil
    Bundang-gu, Seongnam-su,
    Gyeonggi-do, 13487,
    Republic of Korea
    Tel : +82-31-627-3000
    Fax : +82-31-600-5169
    E-mail : chul@mdstec.com
Economic Indicators
GDP
GDP 2011 2012 2013 2014 2015
Nominal (USD million) 1,202,700 1,222,400 1,305,400 1,410,000 1,377,500
PPP (USD million) 1,559,447 1,611,273 1,640,377 1,685,033 1,748,777
GDP Growth Rate
(Y-o-Y) (%)
3.7 2.3 2.9 3.3 2.6

Source: The Bank of Korea, November 2016

USD
(Unit: USD)
GDP Per Capita 2013 2014 2015 2016
Nominal 25,998 27,989 27,222 27,632.8
PPP 33,824 35,436 36,612 37,948

Source: International Monetary Fund, October 2016

Unit: USD million
(Unit: USD million)
Foreign Trade 2011 2012 2013 2014 2015 Jan.-Oct. 2016
Exports 555,214 547,870 559,632 572,665 526,757 405,076
Imports 524,413 519,584 515,586 525,515 436,499 330,359
Trade Balance 30,801 28,285 44,047 47,150 90,258 74,717

Source: Korea International Trade Association, November 2016

Unit: KRW
(Unit: KRW)
KRW-USD
Foreign Exchange Rate
2010 2011 2012 2013 2014 November 2016
1,156.3 1,108.1 1,126.9 1,095.0 1,053.2 1,178.9

Source: The Bank of Korea, November 2016

Unit: KRW
(Unit: KRW)
Balance of
Current Account
2011 2012 2013 2014 2015 Jan.-Sept. 2016
18,655.8 50,835.0 81,148.2 84,373.0 105,870.7 72,078.5

Source: The Bank of Korea, November 2016

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