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Parts and Materials Industry Trade Figures for the First Quarter
date2012-04-19
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MKE Releases Car Sales Figures for March
MKE Releases Car Sales Figures for March The Ministry of Knowledge Economy has released its car sales figures for March. Korea’s automobile production rose 6.3 percent year on year to 420,759 vehicles on the back of strong export growth. Rising demand for fuel-efficient vehicles, greater brand awareness and the Korea-EU FTA drove exports up 18.1 percent to 305,527 vehicles—a record high. Although the Korea-U.S. FTA took effect, high oil prices and weak consumer confidence pushed sa date2012-04-13
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Foreign Investment Figures for First Quarter
date2012-04-12
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IT Trade Figures for March
date2012-04-10
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Trade Figures for March
The Ministry of Knowledge Economy has released its trade figures for March. The nation’s trade balance remained in the black, posting a $2.3 billion surplus. Although exports declined slightly for the month, the first quarter as a whole saw outbound shipments increase 3.0 percent to $135 billion. Exports fell 1.4 percent year on year to $47.4 billion. The average value of all exports per day increased 0.7 percent to 2.0 billion. While outbound shipments of automobiles and petroleum products showed strong performances, exports of semiconductors, shipbuilding and wireless communications devices weakened. March saw more exports to advanced nations such as the United States and Japan, as well as to emerging economies in the Middle East and the ASEAN region. However, the ongoing financial crisis in Europe depressed outbound shipments to the European Union. In addition, exports to the Chinese market showed slow growth. Meanwhile, imports declined 1.2 percent from a year earlier to $45.0 billion. The average value of all imports per day increased 0.9 percent to $1.9 billion. Strong demand for major energy resources such as gas, petroleum products and coal pushed inbound shipments of raw materials up 3.5 percent year on year. Imports of capital goods and consumer goods gained 2.1 percent and 5.6 percent, respectively. Inbound shipments from the United States and the Middle East increased. date2012-04-05
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Retail Sales Figures for February
date2012-03-21
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MKE Releases Car Sales Figures for February
MKE Releases Car Sales Figures for February The Ministry of Knowledge Economy has released its car sales figures for February. Korea’s car production jumped 41.8 percent year on year to 421,789 vehicles thanks to strong exports and more working days. Despite weak consumer confidence and rising fuel prices, domestic sales gained 5.5 percent to 113,565 vehicles. Strong sales of Japanese brands led imported car sales to rise 35.8 percent to 9,196 vehicles. Exports surged 51.2 percent to 299, date2012-03-15
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IT Trade Figures for February
date2012-03-08