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10th Korea-EU FTA working group meeting on pharmaceuticals and medical devices The Ministry of Trade, Industry and Energy (MOTIE), together with the Ministry of Health and Welfare and the Ministry of Food and Drug Safety, convened the 10th Korea-EU FTA working group (hereinafter “working group”) meeting on pharmaceuticals and medical devices on May 19 at the Government Complex Sejong via videoconference with their... 2022-05-19
Korea's automobile exports reach $4.4 billion in April The Ministry of Trade, Industry, and Energy announced on May 16 that Korea’s April automobiles exports recorded 196,780 units (up 12.4 percent) and USD 4.4 billion (up 6.1 percent) in value.Despite escalating global supply chain uncertainties, Korea showed mostly robust performance in its automobile production, domestic demand, and exports co... 2022-05-16
424th Korea Trade Commission gives final conclusion on anti-dumping duty expiry review The Ministry of Trade, Industry and Energy (MOTIE) held the 424th Korea Trade Commission (hereinafter “the Commission”) meeting on May 12 and gave the final conclusion of anti-dumping duty expiry review on butyl glycol ether from the U.S. and France.At the meeting, Chairperson Chang Seung-wha announced the Commission’s decision to... 2022-05-13
Korea's ICT exports hit all-time highs in April, expanding 16.9% The Ministry of Trade, Industry and Energy announced on May 12 that Korea’s exports of information and communications technology (ICT) products in April advanced 16.9 percent to USD 19.9 billion, hitting record highs in both monthly and accumulated value.Imports expanded 12.4 percent to $12.1 billion, and the trade balance stood at a surplus ... 2022-05-13
Trade Minister discusses investment with Thermo Fisher Scientific for global vaccine hub Trade Minister Yeo held a videoconference on May 9 with Thermo Fisher Scientific, a U.S. supplier of scientific instrumentation, consumables, and software services, to discuss investment prospects of establishing a life science materials production plant in Korea amid the company’s plans to expand its vaccine materials infrastructure.Thermo F... 2022-05-11
Trade Minister attends Trade Ministers’ Meeting to discuss Ukraine support Trade Minister Yeo Han-koo attended the virtual Trade Ministers’ Meeting convened by the UK Secretary of State for International Trade Anne Marie Trevelyan on May 4 to discuss support for the people and economy of Ukraine.This meeting was held to strengthen solidarity and cooperation of the international community with respect to economic rec... 2022-05-06
Korea's exports grow 12.6% in April The Ministry of Trade, Industry and Energy announced on May 1 that Korea’s exports in April moved up 12.6 percent to USD 57.7 billion. Imports expanded 18.6 percent to $60.4 billion, resulting in a trade deficit of $2.7 billion.Exports in April achieved double-digit growth for the 14th consecutive month since March of 2021 in spite of Ukraine... 2022-05-02
MOTIE leads public-private efforts to bolster supply chain response system Ministry of Trade, Industry and Energy (MOTIE)’s Trade Minister Yeo Han-koo visited the Global Supply Chain Analysis Center (hereinafter 'Analysis Center') on April 29 to assess the supply chain status amidst China’s zero-COVID lockdowns and Russia-Ukraine situation so as to invigorate public-private joint efforts for stronger supp... 2022-05-02