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August automobile exports, output increase The Ministry of Trade, Industry and Energy announced on September 15 that Korea’s automobile production and exports increased 0.7 percent and 4.1 percent, respectively, while domestic sales edged down 3.3 percent for the month of August. The export value totaled $3.0 billion, posting double-digit growth for eight straight months. Au... 2021-09-15
Korea’s ICT exports post growth of 33.2% to $20.3 billion The Ministry of Trade, Industry and Energy announced on September 14 that exports of Korea’s information and communications technology (ICT) goods increased 33.2 percent to USD 20.3 billion in August, rising for 15 consecutive months and hitting the record high export value for the month of August and the second highest monthly export value i... 2021-09-14
Korea initiates process to join Digital Economic Partnership Agreement (DEPA) The Office of the Minister for Trade at the Ministry of Trade, Industry and Energy officially notified New Zealand, the Depositary of the Digital Economic Partnership Agreement (DEPA), of Korea’s intent to join the Agreement on September 13.The government has completed the domestic procedures to initiate negotiations on Korea’s accessio... 2021-09-13
Korea’s August exports jump 34.9% to $53.2 billion The Ministry of Trade, Industry and Energy announced on September 1 that Korea’s exports in August saw a year-on-year expansion of 34.9 percent and recorded USD 53.2 billion, hitting the highest value for the month of August in history. Imports jumped 44.0 percent to $51.6 billion, resulting in a trade surplus of $1.7 billion. Expor... 2021-09-02
Korea’s retail industry sees sales growth of 13.1% in July The Ministry of Trade, Industry and Energy announced on August 26 that Korea’s retail industry saw sales growth of 13.1 percent in July. Both offline and online sales posted growth, up 7.0 percent and 20.2 percent, respectively.  The Ministry releases monthly retail sales figures based on surveys of 26 major retailers. Half of ... 2021-08-26
Auto exports edge down 2.9%, export value rises 12.3% in July The Ministry of Trade, Industry and Energy announced on August 18 that Korea’s automobile output, domestic sales, and exports went down 13.9 percent, 9.6 percent, and 2.9 percent, respectively.However, in value terms, the export value increased 12.3 percent to $4.1 billion, posting double-digit growth for seven straight months.Declines in pro... 2021-08-18
Korea’s ICT exports advance for 14 straight months, up 30.2% to $19.5 billion in July The Ministry of Trade, Industry and Energy announced on August 12 that exports of Korea’s information and communications technology (ICT) goods increased 30.2 percent to USD 19.5 billion in July, posting growth for 14 consecutive months and hitting the record high export value for the month of July in history.Imports gained 14.9 percent to $1... 2021-08-12
Korea announces plans to secure supply of rare metals Korea announced, on August 5, measures to secure supply of rare metals, which are key materials used in major industries including future cars, secondary batteries, and low carbon energy. As part of the policy to strengthen competitiveness of materials, parts and equipment industries, the government aims to stabilize the supply chain of rare metals... 2021-08-05