Ministry of Trade, Industry and Energy

Trade Conference Anticipates Milestone

Minister of Knowledge Economy Choi Joong-Kyung addresses representatives of the Korea International Trade Association and the Peterson Institute for International Economics in Seoul on September 26. The two-day conference, which drew nearly 200 participants, was held to forge a new direction for Korea now that the nation is expected to reach the milestone of $1 trillion in annual trade. date2011-09-30

Korea, Japan Vitalize Business Ties

Korea, Japan Vitalize Business Ties Minister of Knowledge Economy Choi Joong-Kyung speaks at the 43rd Korea-Japan Business Conference on September 28 in Seoul. In his speech, he commended business leaders in both countries and urged them to expand the scope of bilateral cooperation to advance together into third-country markets. date2011-09-30

IT Trade Figures for August

date2011-09-21

Trade Figures for August

Exports to most of Korea’s major trading partners went up, but the United States, the Middle East and Latin America were exceptions. Outbound shipments of petroleum products to the European Union shot up 663.8 percent, while exports of automobiles to China jumped 98 percent. date2011-09-05

IT Trade Figures for July

date2011-08-18

Trade Figures for July

Exports climbed 27.3 percent year on year to reach $51.4 billion, surpassing the previous record of $48.6 billion which was set in April. The average value of all exports per day gained 32.7 percent to record $2.19 billion. With outbound shipments of petroleum products and steel shooting up 89.2 percent and 72.5 percent, respectively, July was a good month for most key export items. Outbound shipments to major trading partners for the first 20 days of July increased, the European Union being the only exception. Exports of petroleum products to China rose 121.7 percent, while outbound shipments of wireless communications devices to Japan surged 154.1 percent. Exports of petrochemicals to China and the United States went up 51.2 percent and 62.8 percent, respectively. Ship exports to China and the European Union declined, but export figures for the United States and ASEAN made up for it with increases of 34.3 percent and 110.7 percent, respectively. date2011-08-02

Parts and Materials Industry Trade Figures for First Half of 2011

    date2011-07-21

Foreign Investment Figures for First Half of 2011

Foreign direct investment (FDI) in the manufacturing sector grew 11.8 percent to $2.23 billion, while FDI in the service sector fell 16.8 percent to $2.65 billion. Notably, investments in nonmetallic minerals and culture and entertainment shot up 10,500 percent and 6,766.7 percent, respectively. date2011-07-19

IT Trade Figures for June

date2011-07-13

Trade Figures for June

date2011-07-05