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Exports of ICT goods in March reach $15.9 billion The Ministry of Trade, Industry and Energy announced on April 22 that Korean exports of information and communications technology (ICT) goods in March decreased 16.3 percent year-on-year to USD 15.9 billion.Imports inched up 1.4 percent to $9.2 billion, and the trade balance stood at a surplus of $6.7 billion.The fifth consecutive monthly decline i... 2019-04-22
Korean exports of materials and parts total $67.5 billion in Q1 The Ministry of Trade, Industry and Energy announced on April 22 that Korea’s exports of materials and parts in the first quarter of this year totaled USD 67.5 billion, down 9.0 percent from the same period last year.The country’s imports also saw a year-on-year decrease of 4.3 percent to $41.7 billion. The trade balance stood at a surp... 2019-04-22
Korean auto exports rise 2.4 percent year-on-year in Q1 The Ministry of Trade, Industry and Energy announced on April 17 that Korea’s automobile exports in the first quarter increased 2.4 percent compared to the same period year earlier.The number of Korean vehicles exported from January to March amounted to 587,690 units. In terms of value, exports rose 4.7 percent to USD 10.3 billion. This expan... 2019-04-17
Foreign direct investment pledged to Korea total $3.2 billion in Q1 The Ministry of Trade, Industry and Energy announced on April 11 that foreign direct investments (FDIs) pledged to Korea in the first quarter of this year decreased 35.7 percent year-on-year to USD 3.2 billion. The FDIs that actually arrived in Korea over the same period declined 15.9 percent to $2.6 billion.Key factors that contributed to the decr... 2019-04-11
The 2nd Korea-Saudi Arabia Vision 2030 Committee Meeting takes place in Seoul Trade, Industry and Energy Minister Sung Yun-mo and Saudi Arabia’s Economy and Planning Minister Mohammad Al-Tuwaijri reviewed the status of bilateral economic cooperation between Korea and Saudi Arabia and discussed future plans at the second Korea-Saudi Vision 2030 Committee Meeting held in Seoul on April 3.During the meeting, the two count... 2019-04-03
Korea’s March exports drop 8.2 percent to $47.1 billion The Ministry of Trade, Industry and Energy announced on April 1 that Korea’s exports in March decreased 8.2 percent from a year earlier to USD 47.1 billion. Imports fell 6.7 percent to $41.9 billion.The trade balance stood at a surplus of $5.2 billion, remaining positive for 86 straight months. The average daily exports recorded $2.1 billion.... 2019-04-01
Overall retail sales inch down 0.4 percent in February The Ministry of Trade, Industry and Energy announced on March 28 that Korea’s overall retail sales in February inched down 0.4 percent compared to the same period last year. While offline retail sales fell 7.1 percent, online retail sales gained 12.0 percent.The decline in sales at brick-and-mortar stores was mostly caused by the effect of th... 2019-03-28
Korean ICT industry’s exports reach $12.7 billion in February The Ministry of Trade, Industry and Energy announced on March 21 that Korea’s information and communications technology (ICT) industry in February reached USD 12.7 billion in exports and $7.3 billion in imports. The trade balance stood at a surplus of $5.4 billion.Exports of Korean ICT goods last month saw a year-on-year decrease of 19.0 perc... 2019-03-21