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Trade/Investment

Trade Minister takes office

Trade Minister takes office

Newly appointed Trade Minister Kim Hyun-chong of the Ministry of Trade, Industry and Energy delivered a speech at his inauguration ceremony held in the Government Complex Sejong on Aug. 4. Trade Minister Kim brings a wealth of experience and expertise in trade policies. He served as the Trade Minister at the Ministry of Foreign Affairs and Trade in...

2017-08-04

Korea’s exports surge 19.5% to $48.9 billion in July

The Ministry of Trade, Industry and Energy announced on August 1 that Korea’s exports expanded 19.5 percent to USD 48.9 billion in June as outbound shipments of high-value products significantly rose and markets diversified. Exports grew at a double-digit rate for the seventh consecutive month for the first time in 70 months sinc...

2017-08-01

Material, component exports jump 10.5% to $134.4 billion in 1st half

The Ministry of Trade, Industry and Energy announced on July 19 that exports of industrial materials and components jumped 10.5 percent to USD 134.4 billion in the first half, marking the first double-digit growth in six years since the second half of 2011. Outbound shipments of 12 types of materials and components surged 10.3 percent ...

2017-07-21

ICT exports soars 18% to new record for June

The Ministry of Trade, Industry and Energy announced on July 12 that exports of information and communication technology (ICT) goods soared 18 percent to USD 15.9 billion in June, a new record for the month. Outbound shipments in the ICT sector expanded for eight consecutive months and at a double-digit rate for seven straight months a...

2017-07-14

Korea Trade Commission holds 2017 Seoul International Forum on Trade Remedies

Korea Trade Commission holds 2017 Seoul International Forum on Trade Remedies

Korea Trade Commission (KTC) Chairman Shin Hi-tack (sixth from right in the front row) and representatives of trade remedy agencies from across the world pose for a photo holding traditional Korean fans at the 2017 Seoul International Forum on Trade Remedies at the Korean Chamber of Commerce and Industry in central Seoul on July 6. The...

2017-07-06

FDI in Korea contracted 4.4% to $5 billion in 1st half

The Ministry of Trade, Industry and Energy announced on July 4 that USD 5 billion of foreign direct investment (FDI) arrived in Korea in the first half of this year, 4.4 percent down from a year earlier. New FDI commitments to Korea also contracted 9.1 percent year-on-year to USD 9.6 billion amid growing uncertainties in the global ec...

2017-07-04

Korea’s exports hit second highest on record in June, up 13.7% to $51.4 billion

The Ministry of Trade, Industry and Energy announced on July 1 that Korea’s exports surged 13.7 percent to USD 51.4 billion, the second highest on record, in June as outbound shipments of semiconductors and ships reached a record high. The total exports grew at a double-digit rate for the sixth consecutive month for the first tim...

2017-07-03

Vice Minister Woo presides 8th meeting of working group for Korea-US trade

Vice Minister Woo presides 8th meeting of working group for Korea-US trade

Trade, Industry and Energy Vice Minister Woo Taehee (second from right) spoke at the eighth meeting of the pan-government working group for Korea-U.S. trade held on June 23 at the Government Complex Seoul to discuss the balance in trade with the U.S. The meeting was joined by around 20 senior officials from various government departments incl...

2017-06-26

ICT exports jump 17.4 percent to new record for May

The Ministry of Trade, Industry and Energy announced on June 14 that exports of information and communication technology (ICT) goods surged 17.4 percent year-on-year to USD 15.4 billion in May, a new record for the month. Exports in the ICT sector, which broke the previous record of $15.3 billion, set in May 2013, advanced for seven consecutive mon...

2017-06-19

Vice Minister Woo presides ‘trade policy meeting’

Vice Minister Woo presides ‘trade policy meeting’

Trade, Industry and Energy Vice Minister Woo Taehee (center) presided a “trade policy meeting” in southern Seoul on June 8 to review this year’s direction for the government’s responses to trade issues. The meeting was joined by around 10 trade experts.

2017-06-08

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