Ministry of Trade Industry and Resources

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

Trade Figures for First Half of 2011

Exports grew in most key areas. Outbound shipments of petroleum products, ships and automobiles posted strong year-on-year growth. Higher global oil prices boosted the average export price per barrel of petroleum products 38.6 percent. As the shipbuilding industry bounced back, it received new orders for high-value-added ships such as drillships and oil tankers and delivered those ships on schedule. From January 1 to June 20, exports to key trading partners increased.   Meanwhile, imports climbed 26.6 percent to $258 billion. The average value of all imports per day reached $1.92 billion. With imports of crude oil and coal jumping 46.8 percent and 46.4 percent from a year ago, respectively, inbound shipments of raw materials, which accounted for 63.1 percent of all imports, went up 35 percent. Imports of capital and consumer goods increased 12.7 percent and 31.6 percent, respectively.     date2011-07-04