Ministry of Trade, Industry and Energy

Exports of Korea’s ICT goods expand for 17 consecutive months

The Ministry of Trade, Industry and Energy announced on November 11 that exports of Korea’s information and communications technology (ICT) products recorded growth for the 17th consecutive month in October, rising 21.5 percent to $19.9 billion.   Imports gained 18.5 percent to $12.1 billion, and the trade balance stood at a surplus of $7.8 billion.   Exports of all major ICT products advanced.   Chip exports saw a year-on-year rise of 28.4 percent to $11.2 billion, ex date2021-11-11

Korea's IP trade balance in the black for the first time

  date2021-11-10

Exports expand 24% to $55.6 billion in October

The Ministry of Trade, Industry and Energy announced on November 1 that Korea’s exports expanded 24.0 percent year-on-year to USD 55.6 billion. Imports jumped 37.8 percent to $53.9 billion and the trade balance recorded a surplus of $1.7 billion, remaining positive for 18 months. Exports in October marked the second highest value in history, and the cumulative exports for the first 10 months of 2021 exceeded those of the same period last year. Average daily exports totaled $2.6 billion, date2021-11-01

Korean retail industry sees 8.2% increase in sales in September

The Ministry of Trade, Industry and Energy announced on October 28 that Korea’s retail sales in September increased 8.2 percent.   Both offline and online sales expanded, up 3.3 percent and 14.5 percent, respectively.   The Ministry releases monthly retail sales figures based on surveys of 26 major retailers. Half of them are physical retailers: three department store chains, three hypermarket chains, three convenience store chains, and four “super supermarket” (S date2021-10-28

Exports of green cars set new record in September

The Ministry of Trade, Industry and Energy announced on October 15 that outbound shipments of green cars from Korea set new records in the number of units shipped overseas (34,823 units), value ($1.0 billion) and share of total exports (23.8 percent).   Automobile output, domestic sales, and exports decreased 33.0 percent, 29.7 percent, and 20.7 percent, respectively, for the month of September. The decline was attributable to global semiconductor shortages and four fewer working days com date2021-10-18

Computers, a must-have in the contactless work-from-home era

Computers, a must-have in the contactless work-from-home era date2021-10-14

Korea’s ICT exports hit new record in September

The Ministry of Trade, Industry and Energy announced on October 13 that outbound shipments of Korea’s information and communications technology (ICT) goods recorded the highest monthly value since the Ministry started compiling data in 1996, rising 21.1 percent to USD 21.3 billion in September.   Imports increased 18.8 percent to $11.4 billion, and the trade balance stood at a surplus of $10.0 billion.   Exports of all major ICT products posted double-digit growth, boosted by date2021-10-13

Cumulative FDI inflows to Korea advance 41.3% to $18.2 billion in Q3

The Ministry of Trade, Industry and Energy announced on October 7 that the cumulative foreign direct investments (FDIs) pledged to Korea over the first three quarters of the year advanced 41.3 percent to USD 18.2 billion. The FDIs that actually arrived in Korea over the same period expanded 40.9 percent to $11.7 billion.   Both FDI pledges and arrivals recorded the second highest cumulative values for the first three quarters on record.   Advanced technologies continued to attract date2021-10-07