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Trade/Investment
Trade Figures for January
The Ministry of Knowledge Economy has released its trade figures for January. he nation’s trade surplus reached $870 million. Exports posted the first doubledigit growth in 11 months, largely due to an increase in the number of working days and a low base effect from a year earlier. Korea’s major export items enjoyed stronger demand as the global economy showed signs of recovery. Exports gained 11.8 percent year on year to $46.1 billion, but the average value of total exports per day grew more slowly than the previous month. While exports of wireless communications devices and automobiles showed solid growth, outbound shipments of ships and steel continued their downward trend. Due to brisk sales of major smartphone models and a weak performance the previous year, exports of wireless communications devices jumped 32.8 percent. The nation also shipped more automobiles abroad thanks to the release of new models and more working days. However, due to weaker demand from major importers including China, Japan and the European Union, exports of steel fell 8.0 percent. Exports of ships also declined because of a prolonged slowdown in the global shipbuilding industry. date2013-02-05
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FTA/Economic Cooperation
Korea, Vietnam Forge Closer Ties in Materials and Components Industries
date2013-02-05
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Industry
Retail Sales Figures for 2012
date2013-01-24
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FTA/Economic Cooperation
Korea, Philippines to Seek Economic and Trade Cooperation
date2013-01-24
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Trade/Investment
Parts and Materials Industry Trade Figures for 2012
date2013-01-21
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Energy
Vice Minister Speaks on Renewable Energy
Vice Minister for Trade and Energy Cho Seok attends the International Renewable Energy Agency (IRENA) Ministerial Roundtable Meetings on January 14 in Abu Dhabi, United Arab Emirates. date2013-01-21
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Trade/Investment
IT Trade Figures for 2012
date2013-01-11
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Industry
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
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Trade/Investment
Foreign Investment Figures for 2012
date2013-01-07
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Trade/Investment
Trade Figures for 2012
date2013-01-03