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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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Foreign Investment Figures for 2012
date2013-01-07
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Trade Figures for 2012
date2013-01-03
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Retail Sales Figures for November
The Ministry of Knowledge Economy has released its retail sales figures for the month of November. Although sales at the nation’s three major discount chains fell 1.7 percent year on year, the downward pace slowed as unseasonably cold weather raised demand for apparel, sporting goods and general goods. Spending on household appliances and cultural goods, household goods and food showed negative growth. Meanwhile, sales at the nation’s major department stores rose 9.1 percent from a year earlier, posting positive growth for the first time in six months. Spending on all categories saw an upward trend. The cold weather and discount sales in particular played role in boosting demand for seasonal items such as winter clothing and gloves. * Released by the Distribution and Logistics Division date2012-12-28
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Korea, U.S. Open New Chapter in Investment Ties
Korea, U.S. Open New Chapter in Investment Ties Minister of Knowledge Economy Sukwoo HONG hosted the first Korea-US Investment and Trade Forum on December 7 in Washington, D.C. The event, jointly organized by the public and private sectors, aimed to boost bilateral ties between the two countries. At the forum, Minister Hong said, “the two countries should now work on expanding this successful partnership to include greater investment,” emphasizing the important role the Korea-U.S. F date2012-12-18
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MKE Releases Car Sales Figures for November
MKE Releases Car Sales Figures for November The Ministry of Knowledge Economy has released its car sales figures for November. Based on stronger domestic demand, the nation’s car production climbed 3.7 percent year on year to 444,049 vehicles, posting the highest performance for any month so far this year. Despite the impact of the broader slowdown in Europe, vehicle exports declined only slightly from a year earlier thanks to solid demand from the North American market and a steady recov date2012-12-11
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IT Trade Figures for November
date2012-12-07
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Korea Rolls Out Commercial Electric Vehicle-Sharing Program
Korea Rolls Out Commercial Electric Vehicle-Sharing Program The Ministry of Knowledge Economy has introduced a commercial EV-sharing program as part of efforts to build an electric vehicle platform for sustainable everyday use. Launched on December 3, the service offers registered members access to a fleet of 30 electric cars available at 18 charging stations in Seoul, which can be reserved by the hour or day via the Internet. It aims to expand access to green cars while helping shoulder the co date2012-12-06