-
Industry
MOTIE Releases Car Sales Figures for April
MOTIE Releases Car Sales Figures for April The Ministry of Trade, Industry and Energy has released its car sales figures for April. Despite more working days last month, the nation’s car production declined 2.5 percent year on year to 386,446 vehicles due to reduced working hours and sluggish export growth. The introduction of new models by domestic car producers and rising demand for imported cars, however, boosted vehicle sales on the domestic market up 3.0 percent to 132,938 units. Exp date2013-05-13
-
Industry
Retail Sales Figures for March
date2013-04-19
-
Industry
Minister Greets KEIA President
Minister Greets KEIA President Minister of Trade, Industry and Energy Yoon Sang-jick met with the President of the Korea Economic Institute of America, Donald Manzullo on April 12 in Seoul. The two officials exchanged views on the role of KEIA and key policies of the new administration. date2013-04-16
-
Industry
MOTIE Releases Car Sales Figures for March
MOTIE Releases Car Sales Figures for March The Ministry of Trade, Industry and Energy has released its car sales figures for March. Korea’s car production fell 13.1 percent year on year to 365,768 vehicles due to fewer working days and reduced working hours. Thanks to the introduction of new models and solid performances from imported cars, 131,136 vehicles were sold on the domestic market, about the same as the previous year. Despite greater brand awareness of Korean auto makers overseas date2013-04-09
-
Industry
Retail Sales Figures for February
date2013-03-29
-
Industry
Incoming Vice Minister Speaks at an Inaugural Ceremony
date2013-03-29
-
Industry
MKE Releases Car Sales Figures for February
MKE Releases Car Sales Figures for February The Ministry of Knowledge Economy has released its car sales figures for February. As the Lunar New Year holiday fell in February this year, resulting in fewer working days, Korea’s car production contracted 19.8 percent year on year to 338,278 vehicles. The holiday and weaker local demand hurt sales of domestic cars, but strong sales of German brands helped sales of imported cars rise 14.8 percent to 10,556 vehicles. Meanwhile, a contraction in date2013-03-12
-
Industry
New Minister Takes Office
Incoming Minster of Trade, Industry and Energy Yoon Sang-jick speaks at an inaugural ceremony on March 11 in the Gwacheon Government Complex. date2013-03-12
-
Industry
Retail Sales Figures for January
Sales at the nation’s major department stores fell 8.2 percent from a year earlier due to the late arrival of the Lunar New Year holiday and the economic slowdown. With the exception of children’s goods and sporting goods and household goods, spending on most categories showed negative growth. Sales of household goods gained thanks to a low base effect from the previous year and major household appliance makers’ heavy marketing of new models. date2013-02-21
-
Industry
MKE Releases Car Sales Figures for January
MKE Releases Car Sales Figures for January The Ministry of Knowledge Economy has released its car sales figures for January. Despite the global economic slowdown, automobile production and exports recorded their highest-ever figures for January thanks to an increase in the number of working days. The nation produced 410,602 vehicles and exported 288,344 vehicles for the month. Due to a low base effect from a year earlier and the extra working days, domestic sales rose 10.3 percent year on year date2013-02-13