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Korea's automobile industry posts double-digit growth in output, domestic sales, and exports in January The Ministry of Trade, Industry and Energy announced on February 15 that Korea’s automobile output, domestic sales, and exports in January all experienced double-digit increases and went up 24.9 percent, 18.4 percent, and 29.5 percent, respectively.Total automobile output in January by Korean automakers climbed up 24.9 percent to 314,190 unit... 2021-02-15
Exports of Korean ICT goods grow 21.7% to $16.3 billion in January The Ministry of Trade, Industry and Energy announced on February 10 that Korean exports of information and communications technology (ICT) goods in January expanded 21.7 percent to USD 16.3 billion, the second highest export value for the month of January.Imports of ICT products grew 21.7 percent to $10.7 billion, and the trade balance stood at a s... 2021-02-10
Korea’s January exports expand 11.4% to $48.0 billion The Ministry of Trade, Industry and Energy announced on February 1 that Korea’s exports in January expanded 11.4 percent from a year earlier to USD 48.0 billion. Imports also went up 3.1 percent to $44.1 billion. The trade balance stood at a surplus of $4.0 billion, staying positive for the 9th consecutive month.Exports in January showed doub... 2021-02-01
Korea to invest 240 billion won in system semiconductor R&D The Ministry of Trade, Industry and Energy, Ministry of Science and ICT, and Ministry of SMEs and Startups announced the support measures for the technological innovation in the system semiconductor industry at the Seoul Government Complex on February 1.The Ministries will invest a total of 240 billion won, or USD 215 million, to prominent areas in... 2021-02-01
2020 retail sales in Korea expand 5.5% due to strong online sales The Ministry of Trade, Industry and Energy announced on January 28 that Korea’s retail sales in 2020 expanded 5.5 percent compared to 2019, thanks to strong online sales (up 18.4 percent). Brick-and-mortar sales fell 3.6 percent. The Ministry releases monthly retail sales figures based on surveys of 26 major retailers. Half of them are b... 2021-01-28
Korea’s ICT exports record 3.8% growth in 2020 The Ministry of Trade, Industry and Energy announced on January 18 that Korea’s information and communications technology (ICT) Industry posted exports of USD 183.6 billion in 2020. Outbound shipments of ICT goods last year went up 3.8 percent compared to 2019 despite COVID-19 impacts. The ICT exports achieved the third highest value in ... 2021-01-18
Green car exports, domestic sales hit record high in 2020 The Ministry of Trade, Industry and Energy announced on January 14 that exports and domestic sales of eco-friendly vehicles hit record highs in 2020. For 2020, the number of domestic vehicles produced by Korea’s seven automakers moved down 11.2 percent to 3.5 million units. Output in the first half of the year was more harshly hit by a s... 2021-01-14
FDI pledged to Korea reach $20 billion six years in a row The Ministry of Trade, Industry and Energy announced on January 12 that foreign direct investments (FDI) pledged to Korea in 2020 recorded USD 20.7 billion, reaching $20 billion for six consecutive years since 2015.FDI commitments lost 11.1 percent last year amid the COVID-19 pandemic. The FDI that actually arrived in Korea decreased 17.0 percent t... 2021-01-12