Ministry of Trade, Industry and Energy
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ICT exports surge 24.2% to new record in April
The Ministry of Trade, Industry and Energy announced on March 17 that exports of information and communication technology (ICT) goods jumped 24.2 percent to USD 15.6 billion in April, setting a new record for the month of April. In April, outbound shipments of ICT goods grew at the fastest pace in 80 months since August 2010. They rose for the sixt...
Korea’s exports surge 24.2% in April to second-highest on record
The Ministry of Trade, Industry and Energy announced on May 1 that Korea’s exports reached the second highest on record in April, rising by 24.2 percent from a year ago to USD 51 billion. Exports grew at the fastest rate in 68 months since August 2011 and expanded at a double-digit rate for the fourth consecutive month for the first ti...
Korean exports of materials, components in 1Q post first double-digit growth in six years
The Ministry of Trade, Industry and Energy announced on April 20 that exports of industrial materials and components rose by 11 percent to USD 65.8 billion in the first quarter from a year earlier. This is the first double-digit growth in six years since the third quarter of 2011. Exports of materials and components, which account for nearly...
Korea steps up efforts to cope with trade issues from U.S., China
The Ministry of Trade, Industry and Energy announced on April 11 that it hosted the 8th trade committee meeting to respond to rising trade issues from the United States (U.S.) and China. Trade, Industry and Energy Vice Minister Woo Taehee presided the meeting with top officials attended from 20 ministries and agencies to discuss the ways to cope wi...
Korea’s ICT exports rise 15.8% in March
The Ministry of Trade, Industry and Energy announced on April 12 that exports of information and communication technology (ICT) products rose 15.8 percent to $16.2 billion in March from a year earlier due to strong sales of semiconductors and displays. March’s exports of ICT goods marked the third largest monthly amount in history and a...
Minister Joo meets AMCHAM business leaders
Trade, Industry and Energy Minister Joo Hyunghwan (center) posed with James Kim (third from left), Chairman of the American Chamber of Commerce (AMCHAM) in Korea and John Schuldt (third from right), President of the AMCHAM Korea, and David Ruch (second from left), former AMCHAM Korea Chairman, at Lotte Hotel, central Seoul, on April 12. At the AMCH...
FDI rises 38.1% in 1st quarter
The Ministry of Trade, Industry and Energy announced on April 4 that foreign direct investment (FDI) arriving into Korea in the first quarter of this year jumped 38.1 percent year-on-year to $2.8 billion. The figure reflected that Asia’s fourth-largest economy has steadily grown despite lingering global economic uncertainties. New FDI committ...
Minister Joo discusses future cooperation at general meeting of German chamber of commerce
Trade, Industry and Energy Minister Joo Hyunghwan (center) poses with leaders from German businesses in Korea at the Korean-German Chamber of Commerce Industry (KGCCI) Extraordinary General Meeting held in central Seoul on March 29. During the meeting, Minister Joo delivered a speech, underscoring the Korean government will strive to solve di...
Korea’s exports jump 13.7% to 27-month high in March
The Ministry of Trade, Industry and Energy announced on April 1 that Korea’s exports rose by 13.7 percent to $48.9 billion from a year earlier with outbound shipments of semiconductors, general machinery, and cosmetics reaching record highs. Exports expanded year-on-year for five consecutive months for the first time in 63 months since...
Ministry discusses expansion of Korea-US economic cooperation with private sector
The Ministry of Trade, Industry and Energy announced on March 24 that the Ministry held the third meeting of the public-private committee on Korea-U.S. trade in Seoul to discuss latest developments in the trade between the two countries and come up with responses. The meeting was chaired by Trade, Industry and Energy Minister Joo Hyung...