Ministry of Trade, Industry and Energy
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June exports inched down 0.1 percent
The Ministry of Trade, Industry and Energy announced on July 1 that Korea’s exports recorded USD 51.2 billion in June, inching downward 0.1 percent year-on-year. This was due to the high base effect from the large-scale exports seen a year earlier. Average daily exports grew 6.9 percent year-on-year to $2.4 billion, achieving growth fo...
ICT exports continue to show double-digit growth in May
The Ministry of Trade, Industry and Energy announced on June 18 that exports of information and communication technology (ICT) goods marked their fourth-highest monthly figure of USD 18.6 billion in May.Exports of ICT goods were up 20.6 percent compared to a year earlier, achieving double-digit year-on-year growth for the 18th consecutive month, si...
Korean exports grow 13.5 percent in May
The Ministry of Trade, Industry and Energy announced on June 1 that Korea’s exports grew 13.5 percent year-on-year to USD 50.9 billion in May. The growth rate turned to double digits for the first time since January 2018. In terms of volume, the May figures recorded the fifth largest monthly export figures ever. Average da...
Korean auto part exports, EV sales grow in April
The Ministry of Trade, Industry and Energy announced on May 17 that exports of Korean automobile parts rose 6.6 percent year-on-year to USD 2.0 billion in April, thanks to a recovery in the Chinese market and to export growth in emerging economies. A breakdown of auto part exports showed that outbound shipments to all major regions except No...
ICT exports post $17.2 billion in April
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. Also, exports of tech goods in April 2018 grew 10.9 percent year-on-year, continuing double-digit growth for 17 consecutive months now. Imports in Apri...
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...