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Vice Minister Cheong delivers speech at conference for global market entry strategies
Trade, Industry and Energy Vice Minister Cheong Seung-il delivered a congratulatory speech at the conference for global market entry strategies in Seoul on January 9.After expressing his gratitude to Korea’s exporters for their efforts, Vice Minister Cheong said that the Korean government will focus on the revitalization and innovation strate...
2019-01-09
Minister Sung visits Korea’s largest port in Busan to encourage shipping industry workers
Trade, Industry and Energy Minister Sung Yunmo (second from the left) visited the city of Busan, Korea’s largest port, to encourage shipping industry workers who are at the frontline of the country’s exports on January 1.At the port, Minister Sung said that last year’s Korean exports surpassed USD 600 billion for the first time ev...
2019-01-07
FDI pledged to Korea reach record-breaking $26.9 billion in 2018
The Ministry of Trade, Industry and Energy announced on January 3 that foreign direct investments (FDI) pledged to Korea in 2018 reached a record-breaking USD 26.9 billion, up 17.2 percent from a year earlier.The increasing trend of FDI commitments continued last year, achieving more than $20 billion for four years in a row.FDI pledged through the ...
2019-01-04
Korea’s trade value reaches record high of $1.1 trillion in 2018
The Ministry of Trade, Industry and Energy announced on January 1 that Korea’s trade value in 2018 reached a record high of USD 1.1 trillion, exceeding the $1 trillion mark for two straight years. The country’s annual exports posted a 5.5 percent growth to $605.5 billion, which is also an unprecedented achievement. With imports rising 1...
2019-01-02
Korea’s annual ICT exports surpass $200 billion for first time
The Ministry of Trade, Industry and Energy announced on December 18 that Korea’s exports of information and communications technology (ICT) goods from January to November this year reached a record USD 204.5 billion, surpassing the $200 billion mark for the first time.However, the exports of ICT goods in November saw a slight decrease of 1.7 ...
2018-12-20
Ministry hosts 55th Trade Day Ceremony
The Ministry of Trade, Industry and Energy held the 55th Trade Day Ceremony with the Korea International Trade Association (KITA) to celebrate the country’s trade achievements at COEX in Seoul on December 7. In 2018, Korea’s trade grew at the fastest rate to reach USD 1 trillion, and its exports are expected to surpass $600 billion for ...
2018-12-14
Minister Sung attends Korea’s 55th Trade Day Ceremony
Trade, Industry and Energy Minister Sung Yunmo (center) attended Korea's 55th Trade Day Ceremony to celebrate this year’s trade achievement at COEX in Seoul on December 7.In 2018, Korea’s trade grew at the fastest rate to reach USD 1 trillion, and its exports are expected to surpass $600 billion for the first time ever.During a receptio...
2018-12-10
Korea’s November exports continue to stay above $50 billion
The Ministry of Trade, Industry and Energy announced on December 1 that Korea’s exports in November rose 4.5 percent to USD 51.9 billion from the same period of last year, exceeding $50 billion for seven straight months for the first time.This is also the first time the country has seen an export value that is greater than $50 billion for any...
2018-12-03
ICT exports increase at double-digit rate to $20.2 billion in October
The Ministry of Trade, Industry and Energy announced on November 14 that exports of information and communications technology (ICT) products in October reached USD 20.2 billion, up 12.3 percent from the same period last year.ICT imports also increased 10.3 percent to $10 billion from a year earlier, and the trade surplus stood at $10.2 billion.Surp...
2018-11-16
Trade Ministry hosts Invest Korea Week 2018 in Seoul
The Ministry of Trade, Industry and Energy held an opening ceremony of the 14th Invest Korea Week (IKW) 2018 to promote Korea to foreign investors in Seoul on November 6.During the ceremony, Deputy Minister for International Trade and Legal Affairs Kim Changkyu (center) emphasized in his speech that Korea is being internationally recognized as an a...
2018-11-06
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