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Korea’s auto industry sees advancement in production and exports in H1 The Ministry of Trade, Industry and Energy announced on July 15 that Korea’s automobile output and exports in the first six months of 2021 posted year-on-year increases of 11.5 percent and 27.9 percent, respectively.In particular, exports recorded double-digit growth (up 27.9 percent to 1,049,658 units) for the first time since the first half... 2021-07-15
Exports of Korea’s ICT goods grow 29.1% to $19.3 billion in June The Ministry of Trade, Industry and Energy announced on July 14 that exports of Korea’s information and communications technology (ICT) goods increased 29.1 percent to USD 19.3 billion in June, posting growth for 13 consecutive months and hitting the record high export value for the month of June in history.Imports went up 17.7 percent to $10... 2021-07-14
Foreign direct investment pledged to Korea jump 71.5% to $13.1 billion in H1 The Ministry of Trade, Industry and Energy announced on July 7 that foreign direct investments (FDIs) pledged to Korea in the first half of the year jumped 71.5 percent year-on-year to USD 13.1 billion. The FDIs that actually arrived in Korea over the same period expanded 57.3 percent to $7.8 billion.Both FDI pledges and arrivals recorded the secon... 2021-07-07
Korea’s exports in 1st half of 2021 hit record high The Ministry of Trade, Industry and Energy announced on July 1 that Korea’s exports in the first half of 2021 increased 26.1 percent, hitting the record-high value of USD 303.2 billion. It is also the first time that the half-yearly export value surpassed $300 billion. Imports went up 24.0 percent to $285.1 billion, resulting in a trade ... 2021-07-01
Overall retail sales move up 12.9% in May The Ministry of Trade, Industry and Energy announced on June 25 that Korea’s overall retail sales in May saw a year-on-year growth of 12.9 percent.Both offline and online sales improved, up 8.8 percent and 17.6 percent, respectively.The Ministry releases monthly retail sales figures based on surveys of 26 major retailers. Half of them are phy... 2021-06-28
Korea, Spain to expand green, digital partnerships Issued on: June 16, 2021 During President Moon Jae-in’s visit to Spain (June 15-17), Korea and Spain agreed to strengthen business cooperation in the green and digital sectors at the Green & Digital Forum held in Madrid, on June 16 (local time). President Moon proposed that the two countries ramp up investments in renewable ener... 2021-06-17
Korea’s ICT industry exports $17.7 billion worth of goods in May The Ministry of Trade, Industry and Energy announced on June 14 that Korea’s information and communications technology (ICT) industry exported $17.7 billion (up 27.4 percent) worth of goods in May.Imports climbed up 17.7 percent to $10.5 billion, and the trade balance was a surplus of $7.2 billion.Outbound shipments of all major products expe... 2021-06-14
Auto exports in May expand 57.5% The Ministry of Trade, Industry and Energy announced on June 11 that Korea’s automobile output and exports in May grew 10.9 percent and 57.5 percent, respectively.Meanwhile, domestic sales contracted 10.1 percent.The number of vehicles produced by Korean automakers went up 10.9 percent to 256,272 units. The growth in automobile production was... 2021-06-14