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Korea's March exports edge down 0.2 percent to $46.9 billion amid COVID-19 outbreak The Ministry of Trade, Industry and Energy announced on April 1 that Korea’s exports in March decreased 0.2 percent from a year earlier to USD 46.9 billion. Imports slipped 0.3 percent to $41.9 billion.The trade balance stood at $5.0 billion, remaining positive for 98 straight months. The average daily exports recorded $2.0 billion and saw a ... 2020-04-01
[G20 Trade and Investment Ministerial Statement] We, the Trade and Investment Ministers of the G20 and guest countries, are profoundly saddened by the devastating human tragedy caused by the spread of COVID-19. The pandemic is a global challenge and requires a coordinated global response. The G20 Leaders, following their Extraordinary Meeting conducted on 26 March 2020, committed “to presen... 2020-03-31
Overall retail sales in Korea improve 9.1% in February The Ministry of Trade, Industry and Energy announced on March 30 that Korea’s overall retail sales in February saw a year-on-year growth of 9.1 percent on the back of strong online sales.Sales of brick-and-mortar stores went down 7.5 percent compared to the same period last year, while those of web-based retailers jumped 34.3 percent.These fi... 2020-03-30
Korea’s auto industry experiences decline in February The Ministry of Trade, Industry and Energy announced on March 13 that Korea’s automobile industry in February experienced a decline in exports, production, and domestic sales compared to the same period year earlier. Total auto output in February fell 26.4 percent to 189,235 units. The decrease was attributable mainly to the shortage of auto ... 2020-03-13
Korea’s February ICT exports record $13.7 billion, increasing for the first time in 16 months The Ministry of Trade, Industry and Energy announced on March 11 that Korean exports of information and communications technology (ICT) goods in February increased for the first time in 16 months and grew 8.5 percent year-on-year to USD 13.7 billion. Imports went up 5.7 percent to $7.7 billion, and the trade balance stood at a surplus of $6.0 billi... 2020-03-11
Korea’s February exports rebound for the first time in 15 months and grow 4.5% to $41.3 billion The Ministry of Trade, Industry and Energy announced on March 1 that Korea’s exports in February rebounded and increased 4.5 percent from a year earlier to USD 41.3 billion. Imports inched up 1.4 percent to $37.2 billion. The trade balance stood at a surplus of $4.1 billion, remaining positive for 97 straight months. February exports marked t... 2020-03-02
Korean retail industry sees sales growth of 6.6% in January The Ministry of Trade, Industry and Energy announced on February 28 that overall retail sales in Korea improved 6.6 percent from a year earlier. Sales at both web-based retailers and brick-and-mortar stores increased, 10.2 percent and 4.1 percent, respectively.These findings are based on surveys of 26 major retailers. Half of them are offline retai... 2020-02-28
Korean auto industry sees improvement in EV and FCEV exports in January The Ministry of Trade, Industry and Energy announced on February 14 that Korea’s January exports for electric vehicles (EVs) and fuel cell electric vehicles (FCEVs) increased 11.9 percent and 19.0 percent, respectively. Meanwhile, the Korean automobile industry saw a year-on-year decrease of production, domestic sales, and exports. Total auto... 2020-02-14