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Trade/Investment

Minister Moon attends Local Win-Win Job Creation Signing Ceremonies

Minister Moon attends Local Win-Win Job Creation Signing Ceremonies

Trade, Industry, and Energy Minister Moon Sung-wook attended Win-Win Job Creation Signing Ceremonies held respectively in Nonsan-si of Chungnam, and Jeonju-si and Iksan-si of North Jeolla Province where each region's labor, management, government, and community representatives came together to sign the Local Win-Win Job Creation Agreement. Pursued ...

2022-01-28

MOTIE holds trade supply chain inspection meeting

MOTIE holds trade supply chain inspection meeting

Trade, Industry and Energy Minister Moon Sung-wook held a trade supply chain inspection meeting at the Korea Chamber of Commerce and Industry (KCCI), leading discussions on measures to promote exports and to resolve supply chain risk factors. Noting that Korea’s exports hit an all-time high in 2021, Minister Moon facilitated talks and ...

2022-01-14

Corporate investment stimulus meeting for raw and subsidiary vaccine production materials

Corporate investment stimulus meeting for raw and subsidiary vaccine production materials

First Vice Industry Minister Park Jin-kyu attended a meeting held at KOTRA in Seoul on January 13 for stimulating corporate investment in vaccine production and supply of raw and subsidiary materials. The meeting was convened for the purpose of providing government-led solutions to difficulties faced by domestic companies, as well as...

2022-01-14

ICT exports achieve all-time high in 2021

The Ministry of Trade, Industry and Energy announced on January 12 that shipments of Korea’s information and communications technology (ICT) products in 2021 hit an all-time high of USD 227.6 billion, up 24.0 percent from 2020. This is the highest ICT exports recorded since beginning aggregation in 1996. Imports went up 19....

2022-01-12

Foreign direct investment pledges and arrivals to Korea both score record high in 2021

The Ministry of Trade, Industry and Energy announced on January 10 of 2022 that the annual foreign direct investments (FDIs) for 2021 increased by 42.3 percent to USD 29.5 billion. The FDIs that actually arrived in Korea over the same period expanded 57.5 percent to $18.0 billion. Both FDI pledges and arrivals recorded all-time high annual f...

2022-01-10

Korea’s exports achieve all-time high of $644.5 billion in 2021

The Ministry of Trade, Industry and Energy announced on January 1 that Korea’s exports in 2021 hit USD 644.5 billion, a hefty 25.8 percent increase over the previous year. Annual imports also stand at a historic $615.1 billion, up by 31.5 percent. As net exporter for the 13th consecutive year with a record-breaking trade surplus of $29.5 bill...

2022-01-03

Kimchi on track for first trade surplus in 12 years

Selected as the most enjoyed K-food overseas, annual exports of the spicy condiment are set to hit a fresh highRead more:

2021-12-23

ICT exports reach record high in November

The Ministry of Trade, Industry and Energy announced on December 14 that shipments of Korea’s information and communications technology (ICT) products reached an all-time high value of USD 21.5 billion, up 30.0 percent from the same period last year. Exports posted double-digit growth for eight straight months. Imports went up 23.1 percent to...

2021-12-15

Evaluation of 2021 Korea’s Trade and Future Policy Directions

In 2021, Korea’s trade value hit $1 trillion at the fastest pace on record despite prolonged COVID-19 pandemic and global supply chain bottlenecks, and the country is expected to achieve the largest annual trade and export values in history. Read more:

2021-12-10

Korea’s November exports hit $60 billion for first time in history

The Ministry of Trade, Industry and Energy announced on December 1 that Korea’s exports increased 32.1 percent year-on-year to USD 60.4 billion. Imports jumped 43.6 percent to $57.4 billion, resulting in a trade surplus of $3.1 billion. Exports advanced for 13 straight months and exceeded $60 billion for the first time on record in November. ...

2021-12-02

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