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Green vehicles sold within Korea hit record high in December 2019 The Ministry of Trade, Industry and Energy announced on January 16 that eco-friendly and hybrid vehicles sold within Korea in December 2019 increased 23.3% to 15,262 units compared to a year earlier.Automobile exports last month decreased by 6.7 percent year-on-year to 205,595 vehicles due to the need for overseas inventory exhaustion following the... 2020-01-16
FDI pledged to Korea reach $20 billion five years in a row The Ministry of Trade, Industry and Energy announced on January 6 that foreign direct investments (FDI) pledged to Korea in 2019 hit USD 23.3 billion, marking the second highest in history and reaching $20 billion for the fifth consecutive year.FDI commitments dipped 13.3 percent last year, compared with the record high $26.9 billion in 2018. Howev... 2020-01-07
Korea’s trade value reaches $1 trillion in 2019 for the third consecutive year despite challenges in global trade The Ministry of Trade, Industry and Energy announced on January 1 that Korea’s trade value in 2019 reached USD 1 trillion for the third year. Although the country’s annual exports marked a 10.3 percent drop to $542.4 billion and imports saw a 6.0 percent decrease to $503.2 billion, Korea achieved the overall trade value of 1 trillion do... 2020-01-02
Both online and offline retail sales grow in November The Ministry of Trade, Industry and Energy announced on December 25 that Korea’s overall retail sales in November grew 7.5 percent from a year earlier. This rise was a result of increases in sales at both online and offline retailers partly due to this year’s Korea Sales Festa that was held last month. The nation’s largest annual ... 2019-12-27
ICT exports in November total $14.3 billion The Ministry of Trade, Industry and Energy announced on December 22 that Korea’s November exports of information and communications technology (ICT) goods amounted to USD 14.3 billion. Imports of these items reached $9.1 billion, and the trade surplus in this sector was $5.2 billion.Exports fell 21.8 percent compared to the same period last y... 2019-12-23
Korean exports of green vehicles up 24.1% to record high in November The Ministry of Trade, Industry and Energy announced on December 13 that exports of Korean eco-friendly cars in November reached a record monthly high of 28,597 units, up 24.1 percent from a year earlier. By type, year-on-year increases were experienced in all types of green cars except for hybrid electric vehicles (HEVs).Meanwhile, overall auto ex... 2019-12-13
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