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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...
Minister Paik shares policy directions with foreign investors
Trade, Industry and Energy Minister Paik Ungyu (second from left) spoke at the Ministerial Roundtable for Investors in a hotel in downtown Seoul on September 26. The Ministerial Roundtable for Investors was organized by the Ministry of Trade, Industry and Energy to inform foreign investors the directions of the new government’s economic polic...
ICT exports hit all-time high in August, up nearly 24%
The Ministry of Trade, Industry and Energy announced on September 13 that exports of information and communication technology (ICT) goods hit all-time high in August, rising 23.9 percent to USD 17.5 billion from a year ago on record semiconductor sales. Exports in the ICT sector advanced for 10 consecutive months and at a double digit ...
Exports grow 17.4% to $47.1 billion on record semiconductor sales in August
The Ministry of Trade, Industry and Energy announced on September 1 that Korea’s exports jumped 17.4 percent to USD 47.1 billion in August on record outbound shipments of semiconductors. Exports expanded at a double-digit rate for the eighth consecutive month for the first time in 71 months since September 2011. The average daily expor...
Trade Minister presides meeting to review exports in major sectors
Trade Minister Kim Hyun-chong (second from left) discussed trade issues with industry representatives at a meeting to review exports in Korea’s major sectors in downtown Seoul on August 24. Trade Minister Kim, who presided the meeting held in the Korea Trade Insurance Corp. (K-sure), said that the Korean government will actively respond...
ICT exports reach record high for July
The Ministry of Trade, Industry and Energy announced on August 9 that exports of information and communication technology (ICT) goods jumped 20.9 percent to $15.7 billion in July, setting a new record for the month. Korea has posted record-high exports for each month for six consecutive months since February. A significant expansion in...
Trade Minister takes office
Newly appointed Trade Minister Kim Hyun-chong of the Ministry of Trade, Industry and Energy delivered a speech at his inauguration ceremony held in the Government Complex Sejong on Aug. 4. Trade Minister Kim brings a wealth of experience and expertise in trade policies. He served as the Trade Minister at the Ministry of Foreign Affairs and Trade in...