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Trade/Investment
Korea’s ICT exports advance 32.6% in April
The Ministry of Trade, Industry and Energy announced on May 14 that Korea’s exports of information and communications technology (ICT) products in April advanced 32.6 percent to USD 17.1 billion, hitting the record high value for the month of April. Imports expanded 21.5 percent to $10.8 billion, and the trade surplus stood at a surplus of $6.3 billion. Outbound shipments of all major items experienced growth. Exports of chips increased 29.4 percent to $9.4 billion, rising for 10 straig date2021-05-17
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Trade/Investment
S.Korea 11th in global export market for top-ranked items
S.Korea 11th in global export market for top-ranked items date2021-05-10
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Trade/Investment
K-beauty boom makes S.Korea the fourth-largest cosmetics exporter
K-beauty boom makes S.Korea the fourth-largest cosmetics exporter date2021-05-06
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Trade/Investment
Korea’s exports in April jump 41.1% to $51.2 billion
The Ministry of Trade, Industry and Energy announced on May 1 that Korea’s exports in April jumped 41.1 percent to USD 51.2 billion. Imports expanded 33.9 percent to $50.8 billion, resulting in a trade surplus of $388 million. Exports in April recorded the sharpest year-on-year growth since January 2011. This is a noticeable improvement, way above the base effect from last year’s contraction (down 25.6 percent). The export value exceeded $50.0 billion for two months in a row, markin date2021-05-03
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Trade/Investment
Korea’s ICT exports in March rise 8.9% to $17.4 billion
The Ministry of Trade, Industry and Energy announced on April 14 that outbound shipments of Korea’s information and communications technology (ICT) goods in March increased 8.9 percent to USD 17.4 billion. Imports of ICT products totaled $10.9 billion, and the trade surplus stood at $6.5 billion. Exports of all major items experienced growth in March. Chip exports gained 7.9 percent to $9.6 billion and recorded growth for nine straight months. Both memory chips ( date2021-04-14
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Trade/Investment
Minister Sung holds discussion with trade, industry experts
Trade, Industry and Energy Minister Sung Yunmo (center) held a meeting with trade and industry representatives in Seoul, on April 8, to discuss various trade issues including recent trends in global trade, Korea’s exports following COVID-19 outbreak, and prospects for new industries. Minister Sung stressed the need to continue with the development of high value-added export items and establish an export system resistant to crisis for global supply chain security. date2021-04-08
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Trade/Investment
Minister Sung talks with commercial attachés
Trade, Industry and Energy Minister Sung Yunmo held a virtual meeting with 51 commercial attachés in 35 countries at the government complex in Sejong, on April 5, to discuss measures to revitalize exports and respond to global trade issues such as climate change, digital transformation, and technology security. date2021-04-06
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Trade/Investment
FDI pledged to Korea amount to $4.7 billion in Q1
The Ministry of Trade, Industry and Energy announced on April 5 that foreign direct investments (FDIs) pledged to Korea in the first quarter of this year jumped 44.7 percent year-on-year to USD 4.7 billion. The FDIs that actually arrived in Korea over the same period also went up 42.9 percent to $4.3 billion. Despite difficult external circumstances amid COVID-19, FDI arrivals hit the record high quarterly value for the first quarter in history. Investment that was delayed due to the virus outb date2021-04-05
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Trade/Investment
Korea’s March exports advance 16.6% to $53.8 billion
The Ministry of Trade, Industry and Energy announced on April 1 that Korea’s exports in March increased 16.6 percent to USD 53.8 billion. Imports grew 18.8 percent to $49.7 billion. The trade balance stood at a surplus of $4.2 billion, remaining positive for 11 straight months. The average daily exports went up 16.6 percent to $2.2 billion, hitting the record high value for the month of March in history. Exports posted growth for the fifth consecutive month, and the export value exceeded date2021-04-01
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Trade/Investment
South Korea's secondary battery exports reach all-time highs for 5 years in a row
South Korea's secondary battery exports reach all-time highs for 5 years in a row date2021-03-30