Ministry of Trade, Industry and Energy

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

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

Retail Sales Figures for February

    date2013-03-29

Incoming Vice Minister Speaks at an Inaugural Ceremony

date2013-03-29

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

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

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

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

Retail Sales Figures for 2012

date2013-01-24

MKE Releases Car Sales Figures for 2012

MKE Releases Car Sales Figures for 2012 The Ministry of Knowledge Economy has released its car sales figures for 2012. Due to sluggish domestic demand and strikes at major automobile manufacturers, the nation’s car production declined 2.1 percent year on year to 4,558,160 vehicles. Exports rose 0.4 percent to 3,165,689 vehicles thanks to strong demand from the United States and emerging economies in Eastern Europe and Africa. Growing global economic uncertainties and rising fuel prices re date2013-01-11