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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 ex...
Trade Minister Yoo holds committee meeting with trade officials
Trade Minister Yoo Myung-hee (second from the right) held a committee meeting with trade officials at the government complex in Sejong, on June 9, to discuss issues such as the WTO vaccine intellectual property waiver.
Korea’s exports expand 45.6% to $50.7 billion in May
The Ministry of Trade, Industry and Energy announced on June 1 that Korea’s exports in May expanded 45.6 percent to USD 50.7 billion. Imports went up 37.9 percent to $47.8 billion, resulting in a trade surplus of $2.9 billion. The improvement in exports was mostly due to an ongoing recovery in the global economy. It is the first time since Se...
Minister Moon visits Korea International Trade Association
Trade, Industry and Energy Minister Moon Sungwook visited the Korea International Trade Association (KITA), on May 27, to discuss with trade experts measures to resolve recent trade issues such as the global container shortage and soaring freight rates. Minister Moon encouraged KITA’s efforts in assisting domestic export firms to deal with ch...
Korea, US agree on global vaccine partnership
During President Moon Jae-in’s visit to the United States (May 20-23), Korea and the U.S. agreed to establish a comprehensive “KORUS Global Vaccine Partnership” in a summit meeting on May 22, local time. Under the partnership, the two countries are to join efforts to accelerate global COVID-19 vaccine production and supply ...
Korea’s ICT exports advance 32.6% in April
The Ministry of Trade, Industry and Energy announced on May 14 that Korea’s exports of information and communications technology (ICT) products in April advanced 32.6 percent to USD 17.1 billion, hitting the record high value for the month of April. Imports expanded 21.5 percent to $10.8 billion, and the trade surplus stood at a surplus of $6...
Korea’s exports in April jump 41.1% to $51.2 billion
The Ministry of Trade, Industry and Energy announced on May 1 that Korea’s exports in April jumped 41.1 percent to USD 51.2 billion. Imports expanded 33.9 percent to $50.8 billion, resulting in a trade surplus of $388 million. Exports in April recorded the sharpest year-on-year growth since January 2011. This is a noticeable improvement, way ...
Korea’s ICT exports in March rise 8.9% to $17.4 billion
The Ministry of Trade, Industry and Energy announced on April 14 that outbound shipments of Korea’s information and communications technology (ICT) goods in March increased 8.9 percent to USD 17.4 billion. Imports of ICT products totaled $10.9 billion, and the trade surplus stood at $6.5 billion. Exports of all major items exper...
Minister Sung holds discussion with trade, industry experts
Trade, Industry and Energy Minister Sung Yunmo (center) held a meeting with trade and industry representatives in Seoul, on April 8, to discuss various trade issues including recent trends in global trade, Korea’s exports following COVID-19 outbreak, and prospects for new industries. Minister Sung stressed the need to continue with the...
Minister Sung talks with commercial attachés
Trade, Industry and Energy Minister Sung Yunmo held a virtual meeting with 51 commercial attachés in 35 countries at the government complex in Sejong, on April 5, to discuss measures to revitalize exports and respond to global trade issues such as climate change, digital transformation, and technology security.