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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
Minister Moon meets with trade experts to discuss policy response to recent global trade environment
Trade, Industry and Energy Minister Moon Sungwook (center) met with trade experts on September 10, to exchange ideas on the rapidly changing global trade environment which incorporates industry, technology and energy issues. Minister Moon said that while Korea’s trade policy has mainly focused on signing free trade agreements (F...
2021-09-10
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. E...
2021-09-01
MOTIE to strengthen financial support for logistics industry
Trade, Industry and Energy Minister Moon Sungwook met with heads of the Korea Trade Insurance Corporation (KSURE) and the Export-Import Bank of Korea (KEXIM), on August 13, to discuss measures to expand financial support for the logistics industry amid surging international freight rates. Minister Moon said that the Ministry will continue to work w...
2021-08-14
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 $...
2021-08-12
Minister Moon meets with Cytiva CEO to discuss investment in Korea’s production facilities
Trade, Industry and Energy Minister Moon Sungwook met with Cytiva CEO Emmanuel Ligner in Seoul, on August 10, to discuss investment opportunities in Korea’s production facilities with the global supplier of raw and subsidiary materials used in vaccine production. Minister Moon stressed that Korea has high potential for market growth as the co...
2021-08-10
Korea’s exports in July grow 29.6% to $55.4 billion, hitting record high value
The Ministry of Trade, Industry and Energy announced on August 1 that the value of Korean goods shipped overseas in July grew 29.6 percent to USD 55.4 billion, hitting the record high monthly export value. Imports jumped 38.2 percent to $53.7 billion, resulting in a trade surplus of $1.8 billion. Exports exceeded the $50 billion mark ...
2021-08-02
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 $1...
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 seco...
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 trad...
2021-07-02
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