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Industry
MKE Releases Car Sales Figures for April
MKE Releases Car Sales Figures for April The Ministry of Knowledge Economy has released its car sales figures for April. Thanks to robust outbound shipments, Korea produced 396,184 vehicles, up 0.2 percent from a year earlier. Exports continued to rise 3.9 percent year on year to 276,639 vehicles, but growth slowed due to the lower number of working days in April this year. High fuel prices and economic uncertainties drove sales of domestic cars down 6.8 percent to 118,377 vehicles. The lower date2012-05-10
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Industry
Minister Visits Yeosu Expo Site
Minister of Knowledge Economy Sukwoo HONG examines facilities in Yeosu on April 27 to prepare for the 2012 Yeosu Expo. At a luncheon with the organizers, the Minister shared his ideas on how best to promote this international event. date2012-05-04
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Industry
Retail Sales Figures for March
date2012-04-20
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Industry
MKE Releases Car Sales Figures for March
MKE Releases Car Sales Figures for March The Ministry of Knowledge Economy has released its car sales figures for March. Korea’s automobile production rose 6.3 percent year on year to 420,759 vehicles on the back of strong export growth. Rising demand for fuel-efficient vehicles, greater brand awareness and the Korea-EU FTA drove exports up 18.1 percent to 305,527 vehicles—a record high. Although the Korea-U.S. FTA took effect, high oil prices and weak consumer confidence pushed sa date2012-04-13
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Industry
Retail Sales Figures for February
date2012-03-21
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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. Korea’s car production jumped 41.8 percent year on year to 421,789 vehicles thanks to strong exports and more working days. Despite weak consumer confidence and rising fuel prices, domestic sales gained 5.5 percent to 113,565 vehicles. Strong sales of Japanese brands led imported car sales to rise 35.8 percent to 9,196 vehicles. Exports surged 51.2 percent to 299, date2012-03-15
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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. Automobile production decreased 14.0 percent year on year to 333,353 due to sluggish domestic demand and fewer working days. Domestic sales fell 18.0 percent to 106,370 vehicles because of weak consumer sentiment and rising fuel prices. Although January saw fewer domestic sales of Korean cars, the introduction of new models pushed sales of imported cars up 9.0 percent. Ex date2012-02-21
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Industry
Retail Sales Figures for January
date2012-02-17
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Industry
Retail Sales Figures for December
date2012-01-27
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Industry
MKE Releases Car Sales Figures for 2011
MKE Releases Car Sales Figures for 2011 The Ministry of Knowledge Economy has released its car sales figures for 2011. Even amid global uncertainties, exports maintained steady growth, posting a 13.7 percent year-on-year increase to 3,151,930 vehicles. Exports to the European Union and Asian markets surged 44.4 percent and 34.5 percent, respectively. Domestic demand rose 1.5 percent to 1,579,589 vehicles, but a worsening economic outlook and rising fuel prices weakened consumer sentiment and th date2012-01-12