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Korea's August EV exports grow 22.2%, share of domestic green car sales set new record The Ministry of Trade, Industry and Energy announced on September 18 that Korea’s automobile output, domestic sales, and exports in August decreased 6.4 percent, 1.2 percent, and 15.8 percent, respectively.The number of vehicles produced by Korean automakers recorded a year-on-year decline of 6.4 percent to 233,357 units. The primary reason f... 2020-09-18
Minister Sung visits Changwon industrial complex as part of Korea’s Green New Deal initiative Trade, Industry and Energy Minister Sung Yun-mo made an on-site visit to Changwon National Industrial Complex, one of the seven sites for the “smart green industrial project”, on September 17, in the Korean government’s Green New Deal drive to foster high-tech, eco-friendly industrial complexes.The government plans to designate 15... 2020-09-18
Korea’s August exports of ICT products rise for 3rd consecutive month, up 0.3% to $15.2 billion The Ministry of Trade, Industry and Energy announced on September 15 that Korean information and communications technology (ICT) exports posted a year-on-year growth of 0.3 percent to USD 15.2 billion.Imports also rose 4.3 percent to $9.2 billion, and the trade balance stood at a surplus of $6.1 billion.By item, outbound shipments of semiconductors... 2020-09-15
Korea’s exports in August fall 9.9 percent to $39.7 billion The Ministry of Trade, Industry and Energy announced on September 1 that Korea’s exports in August decreased 9.9 percent to USD 39.7 billion. Imports fell 16.3 percent to $35.5 billion, resulting in a trade surplus of $4.1 billion.The August exports recorded a single-digit decline for the second consecutive month despite fewer working days (d... 2020-09-01
Korea’s retail sales increase 4.4% in July The Ministry of Trade, Industry and Energy announced on August 28 that Korea’s overall retail sales in July saw a year-on-year growth of 4.4 percent.Sales of offline retailers edged down 2.1 percent, and those of online retailers went up 13.4 percent.The Ministry releases monthly retail sales figures based on surveys of 26 major retailers. Ha... 2020-08-31
Korea's auto export decline eases in July, domestic sales increase for 6 straight months The Ministry of Trade, Industry and Energy announced on August 17 that Korea’s automobile output and exports in July decreased 3.8 percent and 11.7 percent, respectively. Meanwhile, domestic sales went up 8.9 percent, increasing for the 6th consecutive month.The number of vehicles produced by Korean automakers went down 3.8 percent to 345,711... 2020-08-18
Korea’s ICT exports in July advance 3.3% to $15.0 billion The Ministry of Trade, Industry and Energy announced on August 13 that Korean information and communications technology (ICT) industry’s export growth in July posted a year-on-year growth of 3.3 percent to USD 15.0 billion.Imports inched up 1.2 percent to $9.9 billion, and the trade balance stood at a surplus of $5.1 billion.By item, shipment... 2020-08-13
Korea’s export decline eases in July, exports down 7% to $42.8 billion The Ministry of Trade, Industry and Energy announced on August 1 that Korea’s exports in July decreased 7.0 percent to USD 42.8 billion. Imports fell 11.9 percent to $38.6 billion, resulting in a trade surplus of $4.3 billion.The July exports recorded the first single-digit decline since the COVID-19 pandemic had a full-fledged impact on expo... 2020-08-03