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Kori Unit 1, Korea’s first nuclear reactor, retires after 40 years of operation The Ministry of Trade, Industry and Energy announced on June 19 that Kori Unit 1, Korea’s first nuclear reactor, ceased operations on the midnight of June 18 after 40 years of operations. The Ministry and Korea Hydro and Nuclear Power (KHNP) hosted a ceremony on June 19 at the Kori Nuclear Power Plant in Gijang-gun, Busan to declare the ... 2017-06-19
ICT exports jump 17.4 percent to new record for May The Ministry of Trade, Industry and Energy announced on June 14 that exports of information and communication technology (ICT) goods surged 17.4 percent year-on-year to USD 15.4 billion in May, a new record for the month.Exports in the ICT sector, which broke the previous record of $15.3 billion, set in May 2013, advanced for seven consecutive mont... 2017-06-14
Strong sales of eco-friendly cars boost auto exports in May The Ministry of Trade, Industry and Energy announced on June 13 that exports of automobiles rose by 3.6 percent to $3.5 billion in May on strong sales of eco-friendly vehicles, marking the fourth consecutive month of growth. The number of vehicles shipped abroad increased 2.1 percent year-on-year to 221,237 in the meantime. The value of automo... 2017-06-13
Korea-EU FTA implementation committees meet in Seoul The Ministry of Trade, Industry and Energy announced on June 11 that representatives from Korea and the European Union will meet in Seoul between June 12 and 14 to review the implementation of the Korea-EU Free Trade Agreement and discuss further economic cooperation. Under the Korea-EU FTA, seven specialized committees, seven working groups, ... 2017-06-11
Korea’s exports rose by 13.4% to $45 billion in May The Ministry of Trade, Industry and Energy announced on June 1 that Korea’s exports jumped 13.4 percent to $45 billion from a year ago, marking the fifth consecutive month of a double-digit growth.  The average daily exports surged 16 percent to $2.1 billion, marking the sixth straight month of increase. Won-denominated exports also... 2017-06-01
ASEAN became Korea’s second largest trading partner under FTA The Ministry of Trade, Industry and Energy announced on May 31 that in a decade since the Korea-Association of Southeast Asian Nations (ASEAN) Free Trade Agreement entered into force in 2007, the region has become Korea’s second largest trading partner with trade in goods and services and investment all expanding.  June 1, 2017 mark... 2017-05-31
Retail sales advance 7.2% in April The Ministry of Trade, Industry and Energy announced on May 30 that retail sales jumped 7.2 percent to 9.81 trillion won in April, led by a double-digit growth of online purchases.  E-commerce sales, which account for about a third of the total retail sales, surged 15.4 percent in April from a year earlier as demand for summer products an... 2017-05-30
Korea, Israel hold 5th round of FTA negotiations in Seoul The Ministry of Trade, Industry and Energy (MOTIE) announced on May 19 that Korea and Israel will hold the fifth round of negotiations for a proposed bilateral free trade agreement (FTA) in Seoul between May 22 and 26. The fifth round of negotiations for the Korea-Israel FTA will cover trade in goods and services, investment, rules of origin, ... 2017-05-19