Ministry of Trade, Industry and Energy
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Ministry hosts 54th Trade Day ceremony
Trade, Industry and Energy Minister Paik Ungyu (second from right in the front row) and Trade Minister Kim Hyun-chong (right in the front row) attended the 54th Trade Day ceremony at the COEX in southern Seoul on December 5. The Ministry and the Korea International Trade Association (KITA) hosted the Trade Day ceremony to celebrate the recove...
Korea’s exports grow 9.6% to $50 billion in November
The Ministry of Trade, Industry and Energy announced on December 1 that Korea’s exports in November grew 9.6 percent to USD 50 billion, a record for the month. Exports of goods rose for the 13th consecutive month for the first time in 71 months since December 2011. The average daily exports of goods rose by 9.6 percent to $2.1 billion. ...
ICT exports rise 20.6% to $18 billion in October
The Ministry of Trade, Industry and Energy announced on November 15 that exports of information and communication technology goods rose by 20.6 percent to USD 18 billion, the second highest on record, in October from a year ago. For nine consecutive months between February and October, Korea’s ICT sector posted record-high exports for ...
Minister Paik promotes investment at 2017 Foreign Company Day
Trade, Industry and Energy Minister Paik Ungyu spoke at the 17th Foreign Company Day at a hotel in Seoul on November 7. The Ministry of Trade, Industry and Energy and the Korea Foreign Company Association (FORCA) co-hosted the annual event to promote foreign investment into Korea. In his speech, Minister Paik underscored the contributio...
Ministry hosts 2017 Seoul International conference on Trade and Industry
Deputy Minister for Trade Kang Sung-chun spoke at the 2017 Seoul International Conference on Trade and Industry at the COEX in southern Seoul on November 6. The Ministry of Trade, Industry and Energy hosted the conference with the Korea International Trade Association (KITA) under the theme of “A New Cooperation Paradigm for Realizing F...
Korea’s exports rise by 7.1% to $45 billion in October
The Ministry of Trade, Industry and Energy announced on October 1 that Korea’s exports rose by 7.1 percent to USD 45 billion in October despite fewer working days. Exports of goods grew for the 12th consecutive month and outbound shipments of semiconductors reached the second highest on record although October this year had 4.5 f...
Trade Minister discusses cooperation with MIGA CEO
Trade Minister Kim Hyun-chong (left) held a meeting with Multilateral Investment Guarantee Agency (MIGA) CEO Keiko Honda at the COEX in southern Seoul on October 19. During the meeting joined by Korea Trade Insurance Corporation Chairman Moon Jae-do, the Trade Minister and the MIGA CEO discussed ways to cooperate for Korean companies’ partici...
ICT exports soar 32.6% to record high of $19.3 billion in September
The Ministry of Trade, Industry and Energy announced on October 16 that exports of information and communication technology goods soared 32.6 percent to an all-time high of $19.3 billion in September from a year ago, breaking the previous record set just a month earlier. Korea’s ICT exports grew at the fastest pace in 89 months s...
FDI in Korea grows 9.1% to $8 billion in first 9 months of 2017
The Ministry of Trade, Industry and Energy announced on October 11 that foreign direct investment (FDI) arriving in Korea returned to growth in the first nine months of 2017, rising by 9.1 percent to $8 billion from a year ago. Although new FDI commitments to Korea contracted 9.7 percent year-on-year to $13.6 billion, the amounts of both FDI...
Korea’s exports hit a record $55.1 billion in September
The Ministry of Trade, Industry and Energy announced on October 1 that Korea’s exports reached an all-time high of USD 55.1 billion in September, soaring 35 percent from a year earlier. The strongest performance since the Korean government started tracking trade data in 1956 was achieved as exports of semiconductors and steel hit recor...