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ICT exports hit new April high of $17.2 billion The Ministry of Trade, Industry and Energy announced on May 16 that Korea’s exports of information and communications technology (ICT) in April were worth USD 17.2 billion, hitting the highest ever seen for an April. Also, exports of tech goods in April 2018 grew 10.9 percent year-on-year, continuing double-digit growth for 17 consecutiv... 2018-05-16
Korea’s outbound shipments inch down 1.5% in April The Ministry of Trade, Industry and Energy announced on May 1 that Korea’s exports in April inched down 1.5 percent year-on-year to USD 50.1 billion. Nevertheless, with the last month’s exports posting $51.6 billion, this was the first time for Korean exports to surpass $50 billion for two straight months.Since exports excluding ships w... 2018-05-01
Online retail sales grow at double-digit rate in March The Ministry of Trade, Industry and Energy announced on April 27 that online retail sales in March expanded 17.0 percent from a year earlier.Sales of brick-and-mortar retailers also advanced 5.4 percent year-on-year. This increase came from every type of in-store retailers, from convenience stores to hypermarkets.Thanks to the strong performances f... 2018-04-27
Trade surplus in industrial materials, components exports set record $30.8 billion in Q1 The Ministry of Trade, Industry and Energy announced on April 19 that trade surplus in industrial materials and components in the first quarter of 2018 set a record USD 30.8 billion.Exports of 11 types of materials and components rose 13.3 percent year-on-year to $74.4 billion, the second highest value of all-time. Exports of both materials and com... 2018-04-19
ICT exports post second highest record of $19.1 billion in March The Ministry of Trade, Industry and Energy announced on April 18 that exports of information and communication technology (ICT) goods posted the second highest monthly record of USD 19.1 billion in March.Exports of ICT goods were up 18.6 percent from a year earlier, achieving double-digit year-on-year growth for the 16th consecutive month since Dec... 2018-04-18
Korea’s automobile industry sees decline in March The Ministry of Trade, Industry and Energy announced on April 12 that Korea’s automobile industry saw year-on-year decreases in exports, production, and domestic sales in March.Automobile exports decreased 10.3 percent year-on-year to 223,855 vehicles. In terms of value, they shrank 8.6 percent to USD 3.8 billion. This decrease is attributabl... 2018-04-12
FDI pledges to Korea jump to 2nd highest for Q1 The Ministry of Trade, Industry and Energy announced on April 4 that foreign direct investment (FDI) pledged to Korea in the first quarter of 2018 jumped 28.1 percent year-on-year to USD 4.9 billion.This second highest figure ever for the first quarter indicates that foreign investors find Korea an attractive destination for investment.FDI arr... 2018-04-04
Korea’s exports post record high for March The Ministry of Trade, Industry and Energy announced on April 1 that Korea’s exports posted a record high for March exports, surpassing USD 50 billion.The value of overall outbound shipments in March rose 6.1 percent year-on-year to $51.6 billion, increasing for the 17th consecutive month. This growth is attributable to increased trade, stron... 2018-04-02