Seoul, Jan 15 (IANS) South Korea’s exports of automobiles reached an all-time high of $72 billion last year thanks to the strong overseas demand for eco-friendly vehicles and used cars, government data showed on Thursday.The figure marked a 1.7 per cent increase from $70.8 billion in exports in 2024, and a 1.55 per cent rise from the previous high of $70.9 billion tallied in 2023, according to the Ministry of Trade, Industry and Resources, reports Yonhap news agency.It also marked the third cons…
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Seoul, Jan 8 (IANS) China’s recent ban on exports of dual-use items with military applications to Japan will likely impact South Korea’s imports and industries, the industry ministry said on Thursday, vowing measures to prevent a supply shortage of affected items.The Ministry of Trade, Industry and Resources held a supply chain inspection meeting with relevant ministries and industrial associations Thursday to assess the impact of China’s latest decision, reports Yonhap news agency.On Tuesday, C…
Seoul, Dec 29 (IANS) South Korea’s annual exports surpassed US$700 billion for the first time on Monday, making the country the sixth in the world to reach the milestone, government data showed.Outbound shipments tentatively exceeded the mark at 1:03 p.m., according to the data from the Ministry of Trade, Industry and Resources and the Korea Customs Service, reports Yonhap news agency.South Korea followed the United States, Germany, China, Japan and the Netherlands in surpassing the milestone, t…