Ministry of Trade, Industry and Energy

IT Trade Figures for March

date2012-04-10

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

IT Trade Figures for February

date2012-03-08

Minister Speaks with Japanese Business Leaders in Korea

Minister of Knowledge Economy Sukwoo HONG speaks at the annual luncheon meeting of the Seoul Japan Club, an association of Japanese businesspeople based in Korea, on February 23 in Seoul. Addressing 24 business leaders, the Minister expressed his intention of continuing his efforts to improve the foreign investment environment in Korea. date2012-03-06

Trade Figures for February

date2012-03-05

Minister Meets With 21 Business Leaders

Minister of Knowledge Economy Sukwoo HONG stands with CEOs of foreign-invested companies on February 13 at the Grand Hyatt Hotel in Seoul. At the meeting, the Minister shared his thoughts about Korea’s investment environment with representatives of the American Chamber of Commerce in Korea, the European Union Chamber of Commerce in Korea and the Seoul Japan Club. date2012-02-21

IT Trade Figures for January

date2012-02-13

Trade Figures for January

Meanwhile, imports gained 3.6 percent year on year to $43.49 billion. The average value of all imports per day increased 8.3 percent to $1.98 billion. Rising demand for coal and crude oil pushed inbound shipments of raw materials up 12.9 percent. While imports of capital goods increased 15.9 percent from a year earlier, inbound shipments of consumer goods declined 0.4 percent. Imports from all key trading partners showed positive growth. date2012-02-06

Minister Addresses U.S. Business Leaders

Minister of Knowledge Economy Sukwoo HONG addresses about 100 U.S. business leaders at the American Chamber of Commerce in Korea General Membership Meeting on January 31 in Seoul. date2012-02-06

Foreign Investment Figures for 2011

date2012-01-20