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MKE Releases Car Sales Figures for September
MKE Releases Car Sales Figures for September The Ministry of Knowledge Economy has released its car sales figures for September. Thanks to strong production, domestic sales and exports, the Korean automobile market maintained positive growth. Consistent growth of domestic sales and solid outbound shipments led to a 10.3 percent year-on-year increase in production to 374,014 vehicles. Sales of imported cars jumped 25.3 percent and domestic car sales climbed 3.8 percent due to gr date2011-10-12
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IT Trade Figures for September
date2011-10-07
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Trade Figures for September
* Released by the Export and Import Division date2011-10-04
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Retail Sales Figures for August
Seasonal demand stimulated sales of sporting items, while sluggish air conditioner sales lowered sales of household appliances and cultural goods. Because the Chuseok holiday fell early this year, sales of food and household goods climbed. date2011-09-28
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Korea Stepping Up Cooperation with China`s Guangdong Province
Korea and the Chinese province of Guangdong recently held the second Korea-Guangdong Economic and Trade Development Forum. With high-profile business leaders from both sides in attendance, the forum was a valuable opportunity to discuss bilateral collaboration in the energy and high-tech industrial sectors. Guangdong is leading the Chinese economy thanks to its active efforts to open its markets; for 22 years it has consistently recorded the highest GDP among China’s 22 provinces, four municipalities and five autonomous regions. With the sole exception of Gansu province, Guangdong also leads the rest of China in trade with Korea. date2011-09-27
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MKE Releases Car Sales Figures for August
MKE Releases Car Sales Figures for August The Ministry of Knowledge Economy has released its car sales figures for August. Korea produced 320,438 vehicles, recording the highest-ever August performance at 13.6 percent. The introduction of new models into the domestic market, coupled with rising demand for imported vehicles, drove domestic sales up 3.7 percent year on year to 123,168. Sales of imported cars gained 4.1 percent to 9,116 vehicles, resulting in a record 7.4 percent market share. The date2011-09-23
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IT Trade Figures for August
date2011-09-21
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Korea and Colombia Team Up on Energy
Colombia is a promising partner for Korea, with great potential on the strength of its stable economy and its abundant natural resources. With the “Look Asia Project,” the country seeks to diversify its oil export market and acquire Korea’s world-renowned technology and expertise. On the occasion of the Summit, Minister of Knowledge Economy Choi Joong-Kyung also signed a memorandum of understanding with his Colombian counterpart, Minister of Mines and Energy Carlos Enrique Rodado, establishing a comprehensive partnership between the two countries in the power sector. The power sector is an area in which Korea has global competitiveness, and the partnership will help Colombia better utilize its ample water resources to enter a new era of advanced power systems. * Released by the Americas Division date2011-09-20