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Korea’s export value grows 9.5% to $44.8 billion in February

The Ministry of Trade, Industry and Energy announced on March 1 that Korea’s export value went up 9.5 percent to USD 44.8 billion in February. Imports also increased 13.9 percent to $42.1 billion. The trade balance stood at a surplus ... Read More

S. Korea retains position as 7th largest exporter in 2020

With 5.5% decline, country‘s overseas performance relatively good compared to other economies Despite the fallout from the ongoing trade dispute and COVID-19 pandemic, South Korea retained its position as the world’s seventh-largest exporter in 2020, showed data released by the ... Read More

S. Korea aims to boost exports of eco-friendly cars

South Korea on Tuesday finalized a five-year plan for the eco-friendly auto industry, which includes expanding exports of such automobiles by threefold by 2025. The country's exports of eco-friendly cars, which includes electric and hydrogen fuel cell models, will reach ... Read More

S. Korea’s exports of cosmetics up 16% in 2020

South Korea’s exports of cosmetics shot up 16 percent in 2020 from a year earlier, data showed, on the back of the growing demand from the United States and elsewhere in Asia. Outbound shipments of cosmetics reached $7.57 billion last ... Read More

S. Korea to invest W125b in AI chips this year

South Korea's ICT ministry said Tuesday it will invest 125.3 billion won ($114.1 million) this year to support the development of neural processors, up 75 percent from last year. Neural processing units refer to high-performance and low-powered logic chips that ... Read More

S. Korea to invest W205b to promote eco-friendly ships

South Korea said Tuesday it will allocate 205 billion won ($186.3 million) to adopt eco-friendly technologies for the local maritime industry in line with the country's green energy drive. Under the project, the country will seek to build a total ... Read More

S. Korea’s exports fall 15% in first 10 days of Jan.

South Korea's exports declined 15.4 percent on-year in the first 10 days of January, customs data showed Monday, amid the prolonged fallout from the new coronavirus outbreak. The country's outbound shipments stood at $11.2 billion in the Jan. 1-10 period, ... Read More

S. Korea to phase out industrial waste imports

South Korea plans to restrict or phase out its imports of 10 kinds of industrial waste to increase the recycling of domestic waste, the Ministry of Environment said Sunday. The ministry said the importation of half of the 10 waste ... Read More