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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 i...
2021-01-19
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 ...
2021-01-12
Korea’s exports reach $512.9 billion in 2020, exceeding $500 billion mark for 4th consecutive year
The Ministry of Trade, Industry and Energy announced on January 1 that Korea’s exports in 2020 reached USD 512.9 billion, falling 5.4 percent. The country’s annual imports recorded $467.2 billion, down 7.2 percent. Korea remained as a net exporter for the 12th consecutive year with a trade surplus of $45.6 billion. Despite a downturn in...
2021-01-07
Korea’s ICT exports increase 15.8% to $16.6 billion
The Ministry of Trade, Industry and Energy announced on December 15 that Korea’s November exports of information and communications technology (ICT) goods amounted to USD 16.6 billion, up 15.8 percent compared to the same period last year. This is the 6th consecutive month of year-on-year growth. Imports of ICT products reached $10.4 billion,...
2020-12-15
MOTIE holds webinar on future global trade strategy
Ministry of Trade, Industry and Energy held a webinar on future global trade strategy with trade experts involving government, business, university, and research representatives on December 3, to hear opinions on the recent trade issues and discuss countermeasures. At the webinar, various opinions were discussed on global protectionism such as the ...
2020-12-03
WTO Panel Report on Korea-Japan Dispute over Anti-Dumping Duties on Stainless Steel Bars
WTO Panel Report on Korea-Japan Dispute over Anti-Dumping Duties on Stainless Steel Bars ‣ The Panel rejected Japan’s key complaints but ruled that Korea partially violated the anti-dumping rules based on issues not included in Japan’s complaint. ‣ The government plans to appeal the ruling due to legal errors contained therein and will...
2020-12-03
Korea’s November exports grow 4.0% to $45.8 billion
The Ministry of Trade, Industry and Energy announced on November 1 that Korea’s exports in November increased 4.0 percent from a year earlier to USD 45.8 billion. Imports edged down 2.1 percent to $39.9 billion. The trade balance stood at a surplus of $5.9 billion, moving up for 7 straight months. It is the third consecutive month that the tr...
2020-12-03
Korean ICT industry sees sales growth for 5 straight months
The Ministry of Trade, Industry and Energy announced on November 16 that Korea exported USD 16.4 billion worth of information and communications technology (ICT) goods in October. This is a 6.0 percent rise from a year earlier and the fifth consecutive month of increase. ICT imports totaled $10.2 billion, resulting in a trade surplus of $6.2 billio...
2020-11-16
MOTIE hosts 2020 Invest KOREA Week (IKW)
The 2020 Invest KOREA Week (IKW), an investor relations event hosted by the Ministry of Trade, Industry and Energy and organized by Korea Trade-Investment Promotion Agency (KOTRA) kicked off on November 11 with the slogan “Smart Innovation & Safe Growth with Korea”.This year’s event, the 16th of its kind, is held virtually due...
2020-11-12
October exports in Korea decrease 3.6% to $45.0 billion
The Ministry of Trade, Industry and Energy announced on November 1 that Korea’s exports in October saw a year-on-year decline of 3.6 percent to USD 45.0 billion. Imports went down 5.8 percent to $39.0 billion, resulting in a trade surplus of $6.0 billion. The exports in October experienced a slight decrease (down 3.6 percent) due to fewer wor...
2020-11-04
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