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Trade/Investment
Trade Figures for May
Exports of wireless communications devices surged thanks to brisk sales of smartphones and a low base effect from a year earlier. Semiconductor exports showed positive growth as rising demand for smart devices boosted outbound shipments of memory semiconductors. Thanks to strong demand for LED lighting from advanced nations and robust sales of premium TVs, exports of household appliances also performed strongly. Textile exports also increased as an effect of the Korea-Turkey FTA. Exports of steel, on the other hand, declined sharply, mainly due to sluggish recovery of the steel market. Outbound shipments of ships also continued to fall. An oversupply of ships, financial crisis in the European Union and contraction of shipping finance were contributing factors in this decline. date2013-06-04
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Trade/Investment
Minister Celebrates 60th Anniversary of AMCHAM
date2013-05-24
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Trade/Investment
Korea, U.S. Discuss Trade Ties
date2013-05-23
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Trade/Investment
IT Trade Figures for April
Exports rose 17.5 percent year on year to $14.13 billion to record the highest monthly amount so far this year. Mobile phones and memory semiconductors showed strong growth, while exports of display panels, digital TVs and computers also grew at a moderate but healthy pace. Mobile phones saw an upswing on the back of strong performances in smartphones and related devices. While exports of computers grew by double-digits, exports of related devices such as printers and monitors declined sharply. Thanks to solid sales of premium products such as smart TVs, exports of televisions rose overall for the ninth month in a row. IT imports, meanwhile, gained 7.3 percent from a year earlier to $6.77 billion. While imports of electronic components such as semiconductors and printed circuit boards rose 15.4 percent, computers and related devices and mobile phones posted negative growth. Although imports from China and the United States declined, inbound shipments from Japan, Singapore, Taiwan and the European Union increased. date2013-05-10
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Trade/Investment
Trade Figures for April
date2013-05-02
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Trade/Investment
Korea Introduces “Mini Foreign Investment Zones”
Under the new system, which came into effect on April 17, the minimum required area to designate an investment zone is lowered to 82,500 square meters. Previously, the requirement was 330,000 square meters. In an effort to pursue balanced regional development, the mini foreign investment zones will be designated only outside of the Seoul metropolitan area. Companies investing in the new zones will receive the benefit of low rental fees, while businesses that invest US$ 1 million or more in the high-technology industry will be exempt from paying rent entirely. * Released by the Foreign Investment Promotion Division date2013-04-26
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Trade/Investment
Parts and Materials Industry Trade Figures for the First Quarter
Despite unfavorable economic conditions, including a weaker Japanese yen, exports in the parts and materials industry grew by a brisk 5.2 percent year on year. The recovery was led by solid performances in electronic components, electrical machine parts and transportation machine parts. Exports of nonmetallic minerals were boosted by strong demand from LCD panel manufacturers. Due to weaker demand in the global market, outbound shipments fell in basic metals, rubber and plastic materials and textiles. With most trading partners, the nation’s trade balance maintained a surplus. date2013-04-16
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Trade/Investment
Foreign Investment Figures for First Quarter
date2013-04-12
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Trade/Investment
IT Trade Figures for March
date2013-04-11
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Trade/Investment
Trade Figures for March
date2013-04-02