Ministry of Trade, Industry and Energy

Minister Celebrates 60th Anniversary of AMCHAM

date2013-05-24

Korea, U.S. Discuss Trade Ties

date2013-05-23

IT Trade Figures for April

Exports rose 17.5 percent year on year to $14.13 billion to record the highest monthly amount so far this year. Mobile phones and memory semiconductors showed strong growth, while exports of display panels, digital TVs and computers also grew at a moderate but healthy pace. Mobile phones saw an upswing on the back of strong performances in smartphones and related devices. While exports of computers grew by double-digits, exports of related devices such as printers and monitors declined sharply. Thanks to solid sales of premium products such as smart TVs, exports of televisions rose overall for the ninth month in a row. IT imports, meanwhile, gained 7.3 percent from a year earlier to $6.77 billion. While imports of electronic components such as semiconductors and printed circuit boards rose 15.4 percent, computers and related devices and mobile phones posted negative growth. Although imports from China and the United States declined, inbound shipments from Japan, Singapore, Taiwan and the European Union increased. date2013-05-10

Trade Figures for April

date2013-05-02

Korea Introduces “Mini Foreign Investment Zones”

Under the new system, which came into effect on April 17, the minimum required area to designate an investment zone is lowered to 82,500 square meters. Previously, the requirement was 330,000 square meters. In an effort to pursue balanced regional development, the mini foreign investment zones will be designated only outside of the Seoul metropolitan area.     Companies investing in the new zones will receive the benefit of low rental fees, while businesses that invest US$ 1 million or more in the high-technology industry will be exempt from paying rent entirely.     * Released by the Foreign Investment Promotion Division date2013-04-26

Parts and Materials Industry Trade Figures for the First Quarter

Despite unfavorable economic conditions, including a weaker Japanese yen, exports in the parts and materials industry grew by a brisk 5.2 percent year on year. The recovery was led by solid performances in electronic components, electrical machine parts and transportation machine parts. Exports of nonmetallic minerals were boosted by strong demand from LCD panel manufacturers. Due to weaker demand in the global market, outbound shipments fell in basic metals, rubber and plastic materials and textiles. With most trading partners, the nation’s trade balance maintained a surplus. date2013-04-16

Foreign Investment Figures for First Quarter

date2013-04-12

IT Trade Figures for March

date2013-04-11

Trade Figures for March

date2013-04-02

Newly Appointed Vice Minister Takes Office

Newly Appointed Vice Minister Takes Office Incoming Vice Minister for Trade and Energy Han Jinhyun delivers an inaugural address on March 15 at the Gwacheon Government Complex. date2013-03-29