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Korea’s January exports decrease 5.8 percent to $46.4 billion The Ministry of Trade, Industry and Energy announced on February 1 that Korea’s exports in January decreased 5.8 percent to USD 46.4 billion compared to the same period last year.Its imports also slipped 1.7 percent to $45.0 billion, but its trade balance remained positive at $1.3 billion, making the country a net exporter for 84 consecutive ... 2019-02-01
Korean retail sales post year-on-year growth rate of 6.8 percent in 2018 The Ministry of Trade, Industry and Energy announced on January 30 that Korea’s retail sales in 2018 rose 6.8 percent compared to the previous year.More specifically, online retail sales improved by 15.9 percent, and brick-and-mortar sales inched up 1.9 percent. While both online sales and offline sales posted growth, consumers’ prefere... 2019-01-30
Korea’s auto exports, production grow at double-digit rates in December 2018 The Ministry of Trade, Industry and Energy announced on January 18 that Korea's automobile exports and production in December 2018 grew at double-digit rates compared to a year earlier.Automobile exports last month increased 22.6 percent year-on-year to 219,313 vehicles due to newly introduced models, a base effect, and higher demand for eco-friend... 2019-01-18
Materials, components exports rose 11.8 percent to $316.2 billion in 2018 The Ministry of Trade, Industry and Energy announced on January 17 that exports of 11 types of industrial materials and components in 2018 rose 11.8 percent year-on-year to USD 316.2 billion.Imports also improved 5.3 percent to $177.2 billion, making the trade surplus stand at $139.1 billion.By type, electronic components were responsible for 43.8 ... 2019-01-17
Korea’s ICT industry posts record-breaking exports of $220.4 billion in 2018 The Ministry of Trade, Industry and Energy announced on January 17 that Korea’s information and communications technology (ICT) Industry posted record-breaking exports of USD 220.4 billion in 2018.Outbound shipments of ICT goods last year increased 11.5 percent compared to 2017, achieving double-digit growth rates for two years in a row. Mont... 2019-01-17
FDI pledged to Korea reach record-breaking $26.9 billion in 2018 The Ministry of Trade, Industry and Energy announced on January 3 that foreign direct investments (FDI) pledged to Korea in 2018 reached a record-breaking USD 26.9 billion, up 17.2 percent from a year earlier.The increasing trend of FDI commitments continued last year, achieving more than $20 billion for four years in a row.FDI pledged through the ... 2019-01-03
Korea’s trade value reaches record high of $1.1 trillion in 2018 The Ministry of Trade, Industry and Energy announced on January 1 that Korea’s trade value in 2018 reached a record high of USD 1.1 trillion, exceeding the $1 trillion mark for two straight years. The country’s annual exports posted a 5.5 percent growth to $605.5 billion, which is also an unprecedented achievement. With imports rising 1... 2019-01-01
Online retail sales register double-digit growth in November The Ministry of Trade, Industry and Energy announced on December 31 that Korea’s online retail sales in November registered a double-digit growth rate of 12.7 percent compared to a year earlier. With offline retail sales declining 0.5 percent, the overall retail sales saw an improvement of 4.6 percent.Despite growth in convenience stores and ... 2018-12-31