Ministry of Trade Industry and Resources

Trade Figures for March

date2013-04-02

Korea Hosts the 1st Round of Negotiations for Trilateral FTA

Deputy Minister for Trade Choi Kyonglim (center) shakes hands with his Japanese counterpart, Deputy Minister for Foreign Affairs Koji Tsuruoka (right); and his Chinese counterpart, Assistant Minister of Commerce Yu Jianhua (left), on March 26 in Seoul. The chief negotiators held the first three-day round of negotiations for an FTA between China, Japan and Korea. date2013-04-02

Retail Sales Figures for February

    date2013-03-29

Incoming Vice Minister Speaks at an Inaugural Ceremony

date2013-03-29

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

MKE Releases Car Sales Figures for February

MKE Releases Car Sales Figures for February The Ministry of Knowledge Economy has released its car sales figures for February. As the Lunar New Year holiday fell in February this year, resulting in fewer working days, Korea’s car production contracted 19.8 percent year on year to 338,278 vehicles. The holiday and weaker local demand hurt sales of domestic cars, but strong sales of German brands helped sales of imported cars rise 14.8 percent to 10,556 vehicles. Meanwhile, a contraction in date2013-03-12

New Minister Takes Office

Incoming Minster of Trade, Industry and Energy Yoon Sang-jick speaks at an inaugural ceremony on March 11 in the Gwacheon Government Complex. date2013-03-12

IT Trade Figures for February

date2013-03-08

Trade Figures for February

Exports fell 8.6 percent year on year to $42.3 billion, but the average value of total exports per day rose 2.5 percent to $2.1 billion. While outbound shipments of wireless communications devices and petrochemicals posted robust performances, exports of ships and steel remained sluggish. The double-digit growth in wireless communications devices was thanks to the rapidly expanding global Long Term Evolution (LTE) market and growing sales of major smartphone models. Exports of ships and steel continued to decline amid generally downward trends in major trading partners. With the exception of the ASEAN region, most key trading partners showed negative growth. date2013-03-04

Retail Sales Figures for January

Sales at the nation’s major department stores fell 8.2 percent from a year earlier due to the late arrival of the Lunar New Year holiday and the economic slowdown. With the exception of children’s goods and sporting goods and household goods, spending on most categories showed negative growth. Sales of household goods gained thanks to a low base effect from the previous year and major household appliance makers’ heavy marketing of new models. date2013-02-21