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Minister Sung attends Korea’s 56th Trade Day Ceremony
Trade, Industry and Energy Minister Sung Yun-mo (right) held Korea's 56th Trade Day Ceremony to celebrate this year’s trade achievement at COEX in Seoul on December 5. During the ceremony, Minister Sung expressed gratitude for the efforts and commitment of trade workers. The reception was attended by more than 2,000 trade expert...
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...
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...
WTO Appellate Body releases its report on Korea’s anti-dumping duties on pneumatic valves from Japan
The World Trade Organization released an Appellate Body report on September 10 regarding the Republic of Korea’s anti-dumping duties on valves for pneumatic transmissions from Japan. In the WTO Appellate Body proceedings, Korea won in ten out of a total of 13 claims. To find out more: https://www.wto.org/english/news_e/news19_e/504abr_e.htm
The ROK government welcomes WTO ruling over Korea’s restrictions on Japanese food imports
The Government of the Republic of Korea appreciates and welcomes the April 11 decision by the Appellate Body of the World Trade Organization that Korea’s restrictions on Japanese food imports are consistent with the WTO Agreement on the Application of Sanitary and Phytosanitary Measures (SPS Agreement). To read the findings of the WTO Appella...
Trade Minister Yoo meets with ASEAN ambassadors
Trade Minister Yoo Myung-hee (fifth from the left) had a luncheon meeting with ambassadors from ASEAN countries in Seoul on Nov 19 to ask for their cooperation to ensure the success of the 2019 ASEAN-ROK Commemorative Summit that will be held in Busan from Nov 25 to 26.
[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 ...
Vice Minister Cheong meets with US Under Secretary of State
Trade, Industry and Energy Vice Minister Cheong Seung-il (right) and U.S. Under Secretary of State for Economic Growth, Energy and the Environment Keith Krach discussed current trade issues as well as economic and energy cooperation between the two countries in Seoul on Nov 6.
Trade Minister Yoo met with Governor of Oregon
Trade Minister Yoo Myung-hee (left) discussed with Governor of Oregon Kate Brown how to further promote trade and investment between Korea and Oregon in Seoul on Nov 6.
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 ...