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Korea’s January–November accumulated automobile exports log historic $64.8 bln
The Ministry of Trade, Industry and Energy (MOTIE) of the Republic of Korea announced today that Korea’s automobile exports from January–November 2024 amounted to a record high of USD 64.8 billion. November automobile exports reached $5.6 billion (down 13.6 percent year-on-year), the second highest export value for the month on the backs of the high export growth rate attained by some of Korea’s major mid-size carmakers. However, November automobile exports overall suffered a year-on-year decline as heavy snow in the Seoul capital area reduced shipments at a couple of ports in the region. Meanwhile, hybrid electric vehicles (HEVs) contributed substantially to Korea’s automobile exports and domestic sales for November. HEV exports entered the $1 billion threshold for the fourth consecutive month with $1.03 billion (up 55.6 percent) and their domestic sales logged an unprecedented 50,021 units (up 21.6 percent). Total domestic automobile sales slid 7.9 percent to 147,841 units but still ranked first among this year’s monthly sales as a result of the stronger industry-wide sales promotion and the Korea Sale FESTA. Automobile production slid 7.1 percent to 344,355 units owing to the lower number of working days (-1 weekday) and setbacks in parts supply. date2024-12-16
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Korea's major retailers come together to launch Korea Sale Festa 2023
The Ministry of Trade, Industry and Energy (MOTIE) announced on November 10 the launching of the “Korea Sale Festa 2023 (“Festa”) to be held through November 11-30, where Korea’s major retailers and manufacturers come together with the Government to boost the domestic economy by aiming for a rebound of the currently weak consumer confidence amid inflation and other difficult conditions. The Festa Committee and MOTIE have selected former national volleyball team member an date2023-11-13
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'Korea Sale FESTA' begins on September 29
The Ministry of Trade, Industry and Energy announced on September 21 that 'Korea Sale FESTA', the country's biggest shopping festival, will begin on Sept 29 and last until Oct 31. Together with the Ministry of Culture, Sports and Tourism, the Trade, Industry and Energy Ministry has developed the annual national shopping and cultural festival for bargain-hungry Korean consumers and foreign visitors since the beginning of this year with aims of boosting domestic consumption in slump an date2016-09-23
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Korea to Woo Int’l Shoppers with `FESTA’ Festival in Fall
Korea to Woo Int’l Shoppers with `FESTA’ Festival in Fall The Ministry of Trade, Industry and Energy announced it would kick off the Korean version of ``Black Friday” festival under the name of the ``Korea Sale FESTA’’ for international shoppers between September 29 to October 31 with cooperation of the Ministry of Culture, Sports and Tourism and other related public and private agencies. The word ‘FESTA’ is formed by taking the initia date2016-06-21