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Korea’s November exports fall 14.3% to $44.1 billion The Ministry of Trade, Industry and Energy announced on December 1 that Korea’s exports in November saw a year-on-year decrease of 14.3 percent to USD 44.1 billion. Imports dropped 13.0 percent to $40.7 billion, resulting in a trade surplus of $3.4 billion.Korean exports last month were affected by several factors: ongoing external uncertaint... 2019-12-02
Korean retail industry sees sales growth of 4.1% in October The Ministry of Trade, Industry and Energy announced on November 28 that overall retail sales in Korea improved 4.1 percent from a year earlier. Sales at web-based retailers saw a growth of 12.5 percent, but those at brick-and-mortar stores inched down 1.1 percent.These findings are based on surveys of 26 major retailers. Half of them are offline r... 2019-11-29
Korean ICT exports amount to $15.5 billion in October The Ministry of Trade, Industry and Energy announced on November 21 that Korea exported USD 15.5 billion worth of information and communications technology (ICT) goods in October. ICT imports totaled $9.4 billion, resulting in a trade surplus of $6.1 billion.ICT exports fell 23.3 percent from a year earlier due to decreasing shipments of semiconduc... 2019-11-22
[ASEAN-ROK Summit] Trade Minister Yoo discusses cooperation with ASEAN ambassadors to Korea in Seoul Trade Minister Yoo Myung-hee had a luncheon meeting with ambassadors to the Republic of Korea from Association of Southeast Asian Nations (ASEAN) countries in Seoul on November 19 ahead of the ASEAN-Korea Commemorative Summit.The Summit scheduled to be held in Busan from November 25 to 26 will commemorate the 30th anniversary of dialogue relations ... 2019-11-19
Exports of Korean eco-friendly cars increase 8.2% in October The Ministry of Trade, Industry and Energy announced on November 14 that the Korean automobile industry’s green car exports improved 8.2 percent year-on-year to 23,555 vehicles in October. Overall auto exports, however, decreased 10.2 percent to 208,714 vehicles from a year earlier. In value terms, car exports slipped 2.3 percent to USD 3.8 b... 2019-11-15
Korean exports in October decrease 14.7% to $46.8 billion The Ministry of Trade, Industry and Energy announced on November 1 that Korea’s exports in October decreased 14.7 percent to USD 46.8 billion from a year earlier. Imports saw a decline of 14.6 percent to $41.4 billion, resulting in a trade balance of a surplus of $5.4 billion.The decrease in exports was largely due to the U.S.-China conflict ... 2019-11-01
Online retail sales up 17.8% in September The Ministry of Trade, Industry and Energy announced on October 30 that online retail sales in Korea went up 17.8 percent year-on-year in September. Sales at brick-and-mortar stores, on the other hand, decreased 5 percent. As a result, overall retail sales inched up 2.7 percent.These findings are based on surveys of 26 major retailers. Half of them... 2019-10-30
Energy Ministry jointly hosts a renewable energy conference in Seoul The Ministry of Trade, Industry and Energy (MOTIE) kicked off the opening ceremony of the Korea International Renewable Energy Conference (KIREC Seoul 2019) at COEX in Seoul on October 23.Held biennially, the international renewable energy conference is one of the renewable energy sector’s largest events, providing opportunities to discuss cl... 2019-10-24