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Auto exports, production post growth in November The Ministry of Trade, Industry and Energy announced on December 13 that Korea's automobile exports and production in November posted growth compared to the same period last year.Exports of automobiles grew 1.6 percent to 238,357 units from a year earlier due to higher shipments of newly launched models to North America and Europe. In terms of valu... 2018-12-13
Korea to roll out 4,000 hydrogen vehicles next year The Ministry of Trade, Industry and Energy announced that Trade, Industry and Energy Minister Sung Yunmo attended the groundbreaking ceremony for a new fuel cell stack plant at the Hyundai Mobis factory in Chungju on December 11.Fuel cell stacks are key components that make up more than half of the cost to build a hydrogen vehicle. Hyundai Mobis&rs... 2018-12-11
Korea’s National Assembly ratifies revised KORUS FTA The Ministry of Trade, Industry and Energy announced that the Korean National Assembly ratified the revised Korea-U.S. free trade agreement (KORUS FTA) on December 7.The Korean government submitted a bill for the ratification of the revised KORUS FTA to the National Assembly on October 12.Now that the domestic procedure for implementing the deal is... 2018-12-07
Ministry hosts 55th Trade Day Ceremony The Ministry of Trade, Industry and Energy held the 55th Trade Day Ceremony with the Korea International Trade Association (KITA) to celebrate the country’s trade achievements at COEX in Seoul on December 7.In 2018, Korea’s trade grew at the fastest rate to reach USD 1 trillion, and its exports are expected to surpass $600 billion for t... 2018-12-07
Korea’s November exports continue to stay above $50 billion The Ministry of Trade, Industry and Energy announced on December 1 that Korea’s exports in November rose 4.5 percent to USD 51.9 billion from the same period of last year, exceeding $50 billion for seven straight months for the first time.This is also the first time the country has seen an export value that is greater than $50 billion for any... 2018-12-01
Online retail sales increase 28.3 percent in October The Ministry of Trade, Industry and Energy announced on November 30 that online retail sales in October increased 28.3 percent compared to the same period of last year due to greater demand for travel and concerts in the fall.Offline retailers, on the other hand, saw a decrease of 3.6 percent in sales mainly because of a base effect caused by last ... 2018-11-30
ICT exports increase at double-digit rate to $20.2 billion in October The Ministry of Trade, Industry and Energy announced on November 14 that exports of information and communications technology (ICT) products in October reached USD 20.2 billion, up 12.3 percent from the same period last year.ICT imports also increased 10.3 percent to $10 billion from a year earlier, and the trade surplus stood at $10.2 billion.Surp... 2018-11-14
Korea’s auto exports, domestic sales, production all grow at double-digit rates in October The Ministry of Trade, Industry and Energy announced on November 12 that Korea's automobile exports, domestic sales, and production in October all posted double-digit year-on-year growth rates because of more working days last month.Exports of automobiles recorded 230,086 units, up 32.2 percent from the same period last year. In terms of value, the... 2018-11-12