Exports are propping up the South Korean economy. which is showing unmistakable signs of slowing down, such as a decrease in total industrial production and investment. Korea’s outbound shipments increased 6.2 percent on-year in July, marking the second-largest monthly figure of all time. The export
South Korea’s exports have been robust since last year but may show a less-than-expected performance this month and in the second half of this year amid global trade protectionism.The South Korean government is moving to take measures, including expanding export insurance, to keep up the momentum bu
South Korea's line pipe exports to the United States are likely to be virtually halted from next month as the export quota set by the U.S. Commerce Department will be retroactively applied from January 1 this year, not from May 1.On a customs clearance basis, South Korean steel pipe suppliers ex
Exports sank in April for the first time in 18 months, stoking concerns about slowing momemtum. Cumulative exports from January to April are still the highest ever but the prospects are not rosy in light of faltering semiconductor exports and slumping automobile and display shipments.The Ministry of
Korea's trade surplus in the parts and materials sector reached a record high of US$30.8 billion (32.71 trillion won) in the January-March quarter, according to data released by the Ministry of Trade, Industry and Energy (MOTIE) on April 18.Outbound shipments of parts and materials reached US$74
Korea's ICT exports reached US$19.14 billion in March, the second highest record in history. Semiconductors, computers and peripherals led the boom, while mobile phones and displays were sluggish.The Ministry of Trade, Industry and Energy and the Ministry of Science and ICT announced on April 18