Ministry of Trade Industry and Resources

Minister Attends Groundbreaking Ceremony for 2nd UAE Nuclear Reactor

date2013-06-07

Trade Figures for May

Exports of wireless communications devices surged thanks to brisk sales of smartphones and a low base effect from a year earlier. Semiconductor exports showed positive growth as rising demand for smart devices boosted outbound shipments of memory semiconductors. Thanks to strong demand for LED lighting from advanced nations and robust sales of premium TVs, exports of household appliances also performed strongly. Textile exports also increased as an effect of the Korea-Turkey FTA. Exports of steel, on the other hand, declined sharply, mainly due to sluggish recovery of the steel market. Outbound shipments of ships also continued to fall. An oversupply of ships, financial crisis in the European Union and contraction of shipping finance were contributing factors in this decline. date2013-06-04

Minister Greets Ugandan Energy Minister

Minister of Trade, Industry and Energy Yoon Sang-jick shakes hands with his Ugandan counterpart, Minister of Energy and Mineral Development Irene Muloni on May 27 in Gwacheon. The discussion focused on energy ties including oil, gas and mineral resources. date2013-06-04

Korea, Iraq Focus on Industry, Trade and Energy

Korea, Iraq Focus on Industry, Trade and Energy Minister of Trade, Industry and Energy Yoon Sang-jick shakes hands with his Iraqi counterpart Minister of Electricity, Karim Aftan Al Jumaili on May 23 in Gwacheon. The two officials exchanged views on bilateral ties in areas including industry, trade and energy. date2013-05-31

Korea, Europe Mark 4th “EUREKA Day”

The Ministry of Trade, Industry and Energy held the 4th Korea EUREKA Day event for three days in Istanbul, Turkey starting May 28. EUREKA is a pan-European network that promotes international, market-oriented research and innovation. In 2009, Korea became the first non-European nation to join the network as an Associate Country. Korea holds the EUREKA day event every year to widen the scope of technological ties with EUREKA members. On the first day, participants learned about Korea’s in date2013-05-31

Minister Celebrates 60th Anniversary of AMCHAM

date2013-05-24

Retail Sales Figures for April

date2013-05-23

Korea, U.S. Discuss Trade Ties

date2013-05-23

MOTIE Releases Car Sales Figures for April

MOTIE Releases Car Sales Figures for April The Ministry of Trade, Industry and Energy has released its car sales figures for April. Despite more working days last month, the nation’s car production declined 2.5 percent year on year to 386,446 vehicles due to reduced working hours and sluggish export growth. The introduction of new models by domestic car producers and rising demand for imported cars, however, boosted vehicle sales on the domestic market up 3.0 percent to 132,938 units. Exp date2013-05-13

IT Trade Figures for April

Exports rose 17.5 percent year on year to $14.13 billion to record the highest monthly amount so far this year. Mobile phones and memory semiconductors showed strong growth, while exports of display panels, digital TVs and computers also grew at a moderate but healthy pace. Mobile phones saw an upswing on the back of strong performances in smartphones and related devices. While exports of computers grew by double-digits, exports of related devices such as printers and monitors declined sharply. Thanks to solid sales of premium products such as smart TVs, exports of televisions rose overall for the ninth month in a row. IT imports, meanwhile, gained 7.3 percent from a year earlier to $6.77 billion. While imports of electronic components such as semiconductors and printed circuit boards rose 15.4 percent, computers and related devices and mobile phones posted negative growth. Although imports from China and the United States declined, inbound shipments from Japan, Singapore, Taiwan and the European Union increased. date2013-05-10