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Special session of KORUS FTA Joint Committee to be held in Seoul The Ministry of Trade, Industry, and Energy announced on Aug. 18 that the Ministry and the Office of the United States Trade Representative (USTR) will convene a special session meeting of the Joint Committee under the Korea-U.S. Free Trade Agreement (KORUS FTA) on August 22 in Seoul. Trade Minister Kim Hyun-chong and USTR Robert Lighthizer wi... 2017-08-18
Auto production, exports grow in July The Ministry of Trade, Industry and Energy announced on August 10 that Korea’s automotive industry posted growth in exports as well as domestic production and sales. Exports rose by 5.1 percent to 228,229 vehicles in July from a year ago on strong sales in Europe. Shipments of automobiles to the European Union surged 26.3 percent to $653... 2017-08-10
Korea’s exports surge 19.5% to $48.9 billion in July The Ministry of Trade, Industry and Energy announced on August 1 that Korea’s exports expanded 19.5 percent to USD 48.9 billion in June as outbound shipments of high-value products significantly rose and markets diversified.  Exports grew at a double-digit rate for the seventh consecutive month for the first time in 70 months since ... 2017-08-01
Retail sales jump 7.2% on fast e-commerce growth in June The Ministry of Trade, Industry and Energy announced on July 28 that retail sales jumped 7.2 percent in June, led by the fast growth of e-commerce. Online retail sales, which account for about a third of the total retail sales, jumped 13.6 percent year-on-year in June as various promotions by retailers helped drive up food and clothing sales. ... 2017-07-28
Material, component exports jump 10.5% to $134.4 billion in 1st half The Ministry of Trade, Industry and Energy announced on July 19 that exports of industrial materials and components jumped 10.5 percent to USD 134.4 billion in the first half, marking the first double-digit growth in six years since the second half of 2011.  Outbound shipments of 12 types of materials and components surged 10.3 percent to... 2017-07-19
Automobile exports advance 1.3% to $3.8 billion in June The Ministry of Trade, Industry and Energy announced on July 13 that automobile exports expanded 1.3 percent to USD 3.8 billion from a year ago, marking the fifth consecutive month of growth.  The number of vehicles shipped abroad, as opposed to the value in dollars, grew 0.8 percent year-on-year to 240,475, thanks to strong sales in Euro... 2017-07-13
ICT exports soars 18% to new record for June The Ministry of Trade, Industry and Energy announced on July 12 that exports of information and communication technology (ICT) goods soared 18 percent to USD 15.9 billion in June, a new record for the month.  Outbound shipments in the ICT sector expanded for eight consecutive months and at a double-digit rate for seven straight months as ... 2017-07-12
FDI in Korea contracted 4.4% to $5 billion in 1st half The Ministry of Trade, Industry and Energy announced on July 4 that USD 5 billion of foreign direct investment (FDI) arrived in Korea in the first half of this year, 4.4 percent down from a year earlier.   New FDI commitments to Korea also contracted 9.1 percent year-on-year to USD 9.6 billion amid growing uncertainties in the global econ... 2017-07-04