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Korea’s June exports decrease 10.9% to $39.2 billion, show signs of improvement The Ministry of Trade, Industry and Energy announced on July 1 that Korea’s exports in June decreased 10.9 percent to USD 39.2 billion. Imports fell 11.4 percent to $35.6 billion, resulting in a trade surplus of $3.7 billion.Although exports in June decreased year-on-year due to the continued impact of the coronavirus, major indicators have i... 2020-07-01
Overall retail sales in Korea increase 2% in May The Ministry of Trade, Industry and Energy announced on June 30 that Korea’s overall retail sales in May saw a year-on-year growth of 2.0 percent.Specifically, brick-and-mortar sales fell 6.1 percent, while web-based retailers jumped 13.5 percent.The Ministry releases monthly retail sales figures based on surveys of 26 major retailers. Half o... 2020-06-29
Korea’s ICT exports reach $13.9 billion in May The Ministry of Trade, Industry and Energy announced on June 12 that Korean information and communications technology (ICT) industry in May reached USD 13.9 billion in exports and $8.9 billion in imports. The trade balance stood at a surplus of $5.0 billion.Exports of Korean ICT goods last month experienced a year-on-year decline of 2.6 percent, bu... 2020-06-15
Korean exports of electric vehicles reach record high in May The Ministry of Trade, Industry and Energy announced on June 11 that Korean exports of electric vehicles hit record high in May, reaching 11,496 units. Overall automobile exports and production, however, decreased due to the effects of COVID-19. Meanwhile, domestic sales posted a year-on-year growth.The number of Korean vehicles produced by Korean ... 2020-06-11
Korea’s May exports fall 23.7% to $34.9 billion The Ministry of Trade, Industry and Energy announced on June 1 that Korea’s exports in May saw a year-on-year decrease of 23.7 percent to USD 34.9 billion. Imports dropped 21.1 percent to $34.4 billion, resulting in a trade surplus of $436 million.Exports in May fell due to the global economic slowdown led by the novel coronavirus, as well as... 2020-06-01
Korea’s retail sales rise 3.9 percent in April The Ministry of Trade, Industry and Energy announced on May 29 that Korea’s retail sales in April rose 3.9 percent compared to the same period last year.In particular, online retail sales jumped 16.9 percent. Brick-and-mortar sales, on the other hand, decreased 5.5 percent.The Ministry releases monthly retail sales figures based on surveys of... 2020-05-29
Korean auto exports dip in April, domestic sales increase The Ministry of Trade, Industry and Energy announced on May 16 that Korea’s automobile production and exports decreased due to stagnant global demand, but domestic sales increased in April.The number of Korean vehicles produced by Korean automakers fell 22.2 percent to 289,515 units. The decrease was attributable mainly to fewer working days ... 2020-05-18
Exports of Korean ICT goods in April record $12.9 billion The Ministry of Trade, Industry and Energy announced on May 14 that Korean information and communications technology (ICT) goods in April recorded USD 12.9 billion, down 15.3 percent compared to a year earlier.Imports fell 6.4 percent to $8.9 billion, and the trade balance stood at a surplus of $4.0 billion.Exports experienced a year-on-year declin... 2020-05-14