Ministry of Trade, Industry and Energy

Retail Sales Figures for October

date2011-11-18

MKE Releases Car Sales Figures for October

MKE Releases Car Sales Figures for October The Ministry of Knowledge Economy has released its car sales figures for October. Thanks to steady exports Korea produced 414,574 vehicles, a 7.1 percent year-on-year increase. This was achieved despite unfavorable consumer sentiment and rising oil prices, which depressed domestic sales 8.8 percent to 121,564 vehicles. Sales of imported cars continued to grow, albeit at a slower pace of 8.9 percent year on year to 8,234 vehicles. Even amid uncertainty date2011-11-14

Minister speaks at Tech Plus 2011

Minister of Knowledge Economy Choi Joong-Kyung speaks at “Tech Plus 2011” on November 9 in Seoul. The annual industrial technology forum, called a “knowledge concert,” drew 3,000 participants and highlighted Korea’s role as a designer of industries. date2011-11-14

Vice Minister attends Smart Korea 2011

Vice Minister for Industry and Technology Yoon Sang-Jick speaks at Smart Korea 2011 on October 12 in Ilsan. As Korea’s biggest annual IT event, the conference drew close to 1,000 participants. date2011-10-25

Retail Sales Figures for September

date2011-10-20

MKE Releases Car Sales Figures for September

MKE Releases Car Sales Figures for September The Ministry of Knowledge Economy has released its car sales figures for September. Thanks to strong production, domestic sales and exports, the Korean automobile market maintained positive growth.     Consistent growth of domestic sales and solid outbound shipments led to a 10.3 percent year-on-year increase in production to 374,014 vehicles. Sales of imported cars jumped 25.3 percent and domestic car sales climbed 3.8 percent due to gr date2011-10-12

Retail Sales Figures for August

Seasonal demand stimulated sales of sporting items, while sluggish air conditioner sales lowered sales of household appliances and cultural goods. Because the Chuseok holiday fell early this year, sales of food and household goods climbed. date2011-09-28

MKE Releases Car Sales Figures for August

MKE Releases Car Sales Figures for August The Ministry of Knowledge Economy has released its car sales figures for August. Korea produced 320,438 vehicles, recording the highest-ever August performance at 13.6 percent. The introduction of new models into the domestic market, coupled with rising demand for imported vehicles, drove domestic sales up 3.7 percent year on year to 123,168. Sales of imported cars gained 4.1 percent to 9,116 vehicles, resulting in a record 7.4 percent market share. The date2011-09-23

Retail Sales Figures for July

date2011-08-23

MKE Releases Car Sales Figures for July

MKE Releases Car Sales Figures for July The Ministry of Knowledge Economy has released its car sales figures for July. Korea produced 391,607 vehicles, an increase of 3.7 percent from a year ago. Improved quality has raised the global profile of Korea’s automakers and most of the major companies enjoyed an upswing in production thanks to strong domestic demand and robust exports. The growing popularity of small cars was an additional factor. Increased sales of fuel-efficient models and f date2011-08-05