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Korea's automobile exports reach $4.4 billion in April
The Ministry of Trade, Industry, and Energy announced on May 16 that Korea’s April automobiles exports recorded 196,780 units (up 12.4 percent) and USD 4.4 billion (up 6.1 percent) in value. Despite escalating global supply chain uncertainties, Korea showed mostly robust performance in its automobile production, domestic demand, and exports c...
2022-05-16
Korea's ICT exports hit all-time highs in April, expanding 16.9%
The Ministry of Trade, Industry and Energy announced on May 12 that Korea’s exports of information and communications technology (ICT) products in April advanced 16.9 percent to USD 19.9 billion, hitting record highs in both monthly and accumulated value. Imports expanded 12.4 percent to $12.1 billion, and the trade balance stood at a surplus...
2022-05-13
Trade Minister discusses investment with Thermo Fisher Scientific for global vaccine hub
Trade Minister Yeo held a videoconference on May 9 with Thermo Fisher Scientific, a U.S. supplier of scientific instrumentation, consumables, and software services, to discuss investment prospects of establishing a life science materials production plant in Korea amid the company’s plans to expand its vaccine materials infrastructure. Thermo ...
2022-05-11
Trade Minister attends Trade Ministers’ Meeting to discuss Ukraine support
Trade Minister Yeo attended the virtual Trade Ministers’ Meeting convened by UK Secretary of State for International Trade Anne Marie Trevelyan on May 4 to discuss support for the people and economy of Ukraine. With various other major countries’ trade leaders, Minister Yeo relayed Korea’s efforts in step with the internati...
2022-05-06
Trade Minister attends Trade Ministers’ Meeting to discuss Ukraine support
Trade Minister Yeo Han-koo attended the virtual Trade Ministers’ Meeting convened by the UK Secretary of State for International Trade Anne Marie Trevelyan on May 4 to discuss support for the people and economy of Ukraine. This meeting was held to strengthen solidarity and cooperation of the international community with respect to economic re...
2022-05-06
Trade Minister holds Emergency Trade Assessment Meeting
The Ministry of Trade, Industry and Energy (MOTIE)’s Trade Minister Yeo Han-koo held an “Emergency Trade Assessment Meeting” on May 2 at the Korea Trade-Investment Promotion Agency (KOTRA) in Seoul to examine trade and response measures amid ongoing external risks and two consecutive months of trade deficit. Minister Yeo de...
2022-05-04
Korea's exports grow 12.6% in April
The Ministry of Trade, Industry and Energy announced on May 1 that Korea’s exports in April moved up 12.6 percent to USD 57.7 billion. Imports expanded 18.6 percent to $60.4 billion, resulting in a trade deficit of $2.7 billion. Exports in April achieved double-digit growth for the 14th consecutive month since March of 2021 in spite of Ukrain...
2022-05-02
MOTIE leads public-private efforts to bolster supply chain response system
Ministry of Trade, Industry and Energy (MOTIE)’s Trade Minister Yeo Han-koo visited the Global Supply Chain Analysis Center (hereinafter 'Analysis Center') on April 29 to assess the supply chain status amidst China’s zero-COVID lockdowns and Russia-Ukraine situation so as to invigorate public-private joint efforts for stronger supp...
2022-05-02
Trade Minister holds Global Supply Chain Inspection Meeting
The Ministry of Trade, Industry and Energy (MOTIE)'s Trade Minister Yeo Han-koo held the Global Supply Chain Inspection Meeting at the Korea International Trade Association (KITA) office in Seoul on April 29 to address pending issues arising from ongoing external crises. Prior to presiding the meeting, the trade chief first visited the Globa...
2022-04-29
March retail sales record 7.1% growth, both online and offline positive
The Ministry of Trade, Industry and Energy announced on April 28 that Korea’s total retail sales in March saw a year-on-year growth of 7.1 percent. Sales at both offline and online retailers increased, up 6.3 percent and 7.9 percent, respectively. The Ministry releases monthly retail sales figures based on surveys of 25 major retailers. Thirt...
2022-04-29
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