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Trade/Investment
Trade Figures for 2011
For the month of December, exports rose 12.5 percent to $49.7 billion and imports increased 14.0 percent to $45.7 billion, a $4 billion surplus. Even amid external uncertainties, including political unrest in the Middle East and the devastating earthquake in Japan, exports of ships and petrochemicals drove growth beyond 2010 levels. Although fears of a global recession slowed the pace of growth in the second half, trade was resilient and reached the longawaited $1 trillion mark. Exports to key trading partners increased thanks to Korea’s stronger presence in emerging markets. While outbound shipments to emerging markets and Japan increased, exports to the European Union, the United States and China were relatively slow. Meanwhile, imports gained 23.3 percent year on year due to rising demand for raw materials. Higher oil prices pushed inbound shipments of crude oil, gas and coal up 46.6 percent, 38.9 percent and 42.2 percent, respectively. date2012-01-03
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Trade/Investment
IT Trade Figures for November
date2011-12-08
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Trade/Investment
Korea’s Trade Volume Exceeds $1 Trillion
Minister of Knowledge Economy Sukwoo HONG speaks at a press briefing on December 5 to announce that Korea’s trade volume has exceeded the long-awaited goal of $1 trillion ($515 billion in exports and $485 billion in imports). date2011-12-08
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Trade/Investment
Trade Figures for November
date2011-12-05
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Trade/Investment
IT Trade Figures for October
date2011-11-09
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Trade/Investment
Trade Figures for October
The Ministry of Knowledge Economy has released its trade figures for October. The trade balance posted a $4.3 billion surplus, having remained in the black for 21 months in a row. date2011-11-03
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Trade/Investment
IT Trade Figures for September
date2011-10-07
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Trade/Investment
Trade Figures for September
* Released by the Export and Import Division date2011-10-04
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Trade/Investment
Trade Conference Anticipates Milestone
Minister of Knowledge Economy Choi Joong-Kyung addresses representatives of the Korea International Trade Association and the Peterson Institute for International Economics in Seoul on September 26. The two-day conference, which drew nearly 200 participants, was held to forge a new direction for Korea now that the nation is expected to reach the milestone of $1 trillion in annual trade. date2011-09-30
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Trade/Investment
Korea, Japan Vitalize Business Ties
Korea, Japan Vitalize Business Ties Minister of Knowledge Economy Choi Joong-Kyung speaks at the 43rd Korea-Japan Business Conference on September 28 in Seoul. In his speech, he commended business leaders in both countries and urged them to expand the scope of bilateral cooperation to advance together into third-country markets. date2011-09-30