Ministry of Trade, Industry and Energy
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ICT exports hit new April high of $17.2 billion
The Ministry of Trade, Industry and Energy announced on May 16 that Korea’s exports of information and communications technology (ICT) in April were worth USD 17.2 billion, hitting the highest ever seen for an April. Also, exports of tech goods in April 2018 grew 10.9 percent year-on-year, continuing double-digit growth for 17 consecut...
Korea’s outbound shipments inch down 1.5% in April
The Ministry of Trade, Industry and Energy announced on May 1 that Korea’s exports in April inched down 1.5 percent year-on-year to USD 50.1 billion. Nevertheless, with the last month’s exports posting $51.6 billion, this was the first time for Korean exports to surpass $50 billion for two straight months.Since exports excluding ships w...
Vice Minister Lee discusses with Ghanaian ministers in Sejong
Trade, Industry and Energy Vice Minister Lee Inho (third from left) discussed with Ghanaian Education Minister Matthew Opoku Prempeh (third from right) and Energy Deputy Minister Joseph Cudjoe (second from right) at the Government Complex in Sejong on April 19.During the discussion, the ministers exchanged views on industrial and economic cooperati...
Minister Paik presides over investment roundtable in New York
Trade, Industry and Energy Minister Paik Ungyu (center) posed for a photo with American investors at the 2018 Korea-U.S. Investment Roundtable at a hotel in New York on April 18.The Ministry organized the event to attract more investment from the U.S., promoting cooperation between the two countries for technology development in preparation for the...
Ministry hosts Global Project Plaza 2018 in Seoul
Deputy Minister for Trade Kang Sung-chun (center) posed for a photo with representatives of foreign agencies that are planning industrial projects at the Global Project Plaza 2018 in Seoul on April 17.The Global Project Plaza 2018, scheduled to be held from April 17 to 19, is hosted by the Ministry of Trade, Industry and Energy together with the Ko...
ICT exports post second highest record of $19.1 billion in March
The Ministry of Trade, Industry and Energy announced on April 18 that exports of information and communication technology (ICT) goods posted the second highest monthly record of USD 19.1 billion in March.Exports of ICT goods were up 18.6 percent from a year earlier, achieving double-digit year-on-year growth for the 16th consecutive month since Dec...
Ministry hosts event to promote foreign investment
Deputy Minister of Trade and Investment Kim Young-sam of the Ministry of Trade, Industry and Energy spoke at the Investors of the Quarter event that was held to promote foreign investment in Seoul on April 11.In his opening remarks, Deputy Minister Kim highlighted the importance of investing in new types of businesses as well as transforming the cu...
FDI inflows hit record high of $22.9 billion in 2017
The Ministry of Trade, Industry and Energy announced on January 3 that foreign direct investment (FDI) pledged to Korea in 2017 advanced 7.7 percent year-on-year to a record USD 22.9 billion.The upward trend in FDI was maintained by achieving more than $20 billion for three years in a row.FDI arrivals in 2017 also increased 20.9 percent to $12.8 bi...
FDI pledges to Korea jump to 2nd highest for Q1
The Ministry of Trade, Industry and Energy announced on April 4 that foreign direct investment (FDI) pledged to Korea in the first quarter of 2018 jumped 28.1 percent year-on-year to USD 4.9 billion.This second highest figure ever for the first quarter indicates that foreign investors find Korea an attractive destination for investment.FDI arr...
Korea’s exports post record high for March
The Ministry of Trade, Industry and Energy announced on April 1 that Korea’s exports posted a record high for March exports, surpassing USD 50 billion.The value of overall outbound shipments in March rose 6.1 percent year-on-year to $51.6 billion, increasing for the 17th consecutive month. This growth is attributable to increased trade, stron...