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FDI pledged to Korea increases 4.8 percent to $3.6 billion in Q3 The Ministry of Trade, Industry and Energy announced on October 10 that the foreign direct investment (FDI) pledged to Korea was USD 3.6 billion in the third quarter, posting a year-on-year growth of 4.8 percent after four straight quarters of contraction. Cumulative announced FDI inflows so far this year totaled $13.5 billion, indicating that the ... 2019-10-11
Trade Ministry releases a statement on Japan’s export restrictions imposed on Korea since July The Ministry of Trade, Industry and Energy on October 1 released the government of the Republic of Korea’s statement on Japan’s export restrictions against Korea as 90 days have passed since the July imposition of Japan’s measure.Read the statement here: 2019-10-01
September exports decrease 11.7% to $44.7 billion The Ministry of Trade, Industry and Energy announced on October 1 that Korean exports in September decreased 11.7 percent year-on-year to USD 44.7 billion. Imports fell 5.6 percent to $38.7 billion and the trade balance recorded a surplus of $6.0 billion, remaining positive for 92 consecutive months.The fall in exports was affected by unfavorable e... 2019-10-01
Korean retail industry sees 7% increase in sales in August The Ministry of Trade, Industry and Energy announced on September 29 that the Korean retail industry saw a 7.0 percent year-on-year increase in sales in August. Sales at brick-and-mortar stores advanced 2.1 percent, while sales at online retailers rose 15.2 percent.These results are based on surveys of 26 major retailers. Half of them are offline r... 2019-09-30
Korean ICT industry exports goods worth $15.2 billion in August The Ministry of Trade, Industry and Energy announced on September 22 that the Korean industry of information and communications technology (ICT) exported goods worth USD 15.2 billion in August, down 24.5 percent from a year earlier.Meanwhile, ICT imports inched up 1.9 percent to $8.8 billion, and the trade balance saw a surplus of $6.4 billion.A br... 2019-09-23
Automobile exports edge down 3.4 percent in August The Ministry of Trade, Industry and Energy announced on September 18 that Korean automobile exports inched down 3.4 percent to 164,154 vehicles from a year earlier. The drop in exports is largely attributable to fewer working days. In value terms, however, exports advanced 4.6 percent year-on-year to USD 3.0 billion.Automobile output totaled 249,39... 2019-09-18
Exports in August fall 13.6% to $44.2 billion The Ministry of Trade, Industry and Energy announced on September 1 that Korea’s August exports fell 13.6 percent from a year earlier to USD 44.2 billion. Imports decreased 4.2 percent to $42.5 billion and the trade balance showed a surplus of $1.7 billion, staying positive for 91 consecutive months.The decline in exports was affected by seve... 2019-09-02
Korea’s online retail sales improve 8.7% in July The Ministry of Trade, Industry and Energy announced on August 30 that Korea’s online retail sales in July saw a year-on-year improvement of 8.7 percent. Overall retail sales, however, inched down 0.1 percent as sales at brick-and-mortar stores decreased 5.6 percent.These results are based on surveys of 26 major retailers. Half of them are br... 2019-08-30