Press Releases Ministry of Trade, Industry and Energy

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Press Releases

: Auto exports, production, domestic sales all expand in August The Ministry of Trade, Industry and Energy announced on September 12 that Korea's automobile exports, production, and domestic sales in August all expanded compared to the same period last year.Exports of finished vehicles grew 2.1 percent year-on-year to 174,869 units. In terms of value, they inched up 0.5 percent to USD 2.9 billion. This is attri... 2018-09-14

: Trade Ministry publishes agreed outcomes of Korea-US FTA amendment and modification negotiations The Ministry of Trade, Industry and Energy and the Office of the United States Trade Representative published the agreed outcomes of amendment and modification negotiations to the Korea-US Free Trade Agreement at 10:00 p.m. (local time) on September 3.As the first step in its domestic procedure, the Ministry will gather public comments on the Korea... 2018-09-03

: Korea’s August exports surpass $50 billion for first time The Ministry of Trade, Industry and Energy announced on September 1 that exports last month expanded 8.7 percent year-on-year to USD 51.2 billion, surpassing $50 billion for the first time for August exports. Exports in the first eight months also reached a record high of $399.8 billion, up 6.6 percent from the same period last year.Average daily e... 2018-09-01

: July retail sales up 7.8 percent, as retailers see growth online, offline The Ministry of Trade, Industry and Energy announced on August 30 that overall retail sales in July 2018 expanded 7.8 percent compared to July 2017, as online and offline retailers both saw growth. Online sales jumped 17.8 percent, seeing the biggest year-on-year growth since January 2018. Sales at brick-and-mortar retailers also climbed,... 2018-08-30

: July ICT exports top USD 18.6 billion, led by semiconductors, displays, phones The Ministry of Trade, Industry and Energy announced on August 16 that exports of information and communication technology (ICT) goods in July were worth USD 18.6 billion, up 18.2 percent year-on-year. Semiconductors, display panels and mobile phones, the three top ICT export categories, all saw growth simultaneously for the first time since D... 2018-08-16

: Auto parts exports rise 7.1 percent in July The Ministry of Trade, Industry and Energy announced on August 13 that auto parts exports rose 7.1 percent year-on-year to USD 2 billion in July. The expansion was mostly led by export growth to the U.S. and Chinese markets. Shipments to North America and Asia increased 7.2 percent to $714 million and 17.9 percent to $501 million, respectively... 2018-08-13

: Korea’s exports jump 6.2 percent in July The Ministry of Trade, Industry and Energy announced on August 1 that exports topped USD 51.9 billion in July, returning to year-on-year growth after a month of contraction. The value of average daily exports advanced 4.0 percent compared to July 2017 to hit $2.2 billion, growing for three consecutive months. Average daily exports excluding sh... 2018-08-01

: June retail sales climb 8.1 percent The Ministry of Trade, Industry and Energy announced on July 30 that overall retail sales in June grew 8.1 percent from a year earlier, boosted by strong online sales. Online sales surged 14.0 percent in June, continuing an eight-month streak of double-digit growth. Sales at brick-and-mortar retailers also advanced 4.8 percent year-... 2018-07-30

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