Seoul, March 18 (IANS) South Korea’s auto exports fell 20.8 per cent from a year earlier in February due to a decline in the number of working days for the month, government data showed on Wednesday.The combined value of automobile exports came to US$4.8 billion last month, according to the data from the Ministry of Trade, Industry and Resources, reports Yonhap news agency.February’s performance was due to a drop in the number of working days for the month amid the Lunar New Year holiday, the mi…
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Seoul, March 1 (IANS) South Korea’s exports jumped nearly 30 per cent from a year earlier in February to mark the highest level ever recorded for the month, driven by growing demand for semiconductors amid the artificial intelligence (AI) boom, government data showed on Sunday.Outbound shipments totaled $67.45 billion last month, up 29 per cent from $54.2 billion a year earlier, according to the data compiled by the Ministry of Trade, Industry and Resources, reports Yonhap news agency.The record…
Seoul, Feb 11 (IANS) South Korea will begin a 1 trillion-won ($687.8 million) project next month to develop artificial intelligence (AI) semiconductors for on-device use, the industry ministry said on Wednesday.The government and private companies will funnel a combined 1 trillion won into the project over the next five years, with a goal of creating some 10 AI chips that can be used in self-driving cars, smart home appliance products, humanoid robots and others, according to the Ministry of Tra…
Seoul, Jan 12 (IANS) State-run trade agencies pledged on Monday efforts to diversify South Korea’s export items and support envisioned corporate investments in the United States under a bilateral trade deal.The Korea Trade-Investment Promotion Agency (KOTRA) and the Korea Trade Insurance Corp. (K-SURE) shared such plans for 2026 at a policy briefing to the Ministry of Trade, Industry and Resources, reports Yonhap news agency.KOTRA said it will work to diversify Korea’s export items, currently co…
Seoul, Jan 7 (IANS) Foreign direct investment (FDI) pledges to South Korea reached a record high of over $36 billion in 2025, government data showed on Wednesday, thanks to eased political uncertainties here and the Asia-Pacific Economic Cooperation (APEC) gathering held in the country’s southeastern city of Gyeongju.Last year, South Korea received $36.05 billion worth of FDI commitments, up 4.3 percent from $34.57 billion in 2024, according to the Ministry of Trade, Industry and Resources, repo…
Seoul, Jan 1 (IANS) South Korea’s exports reached an all-time high of $709.7 billion in 2025, surpassing the landmark $700 billion mark for the first time, government data showed on Thursday.Annual exports rose 3.8 percent from a year earlier, with semiconductor exports jumping 22.2 per cent on-year to a record high of $173.4 billion on the back of the growth of artificial intelligence (AI), according to the data compiled by the Ministry of Trade, Industry and Resources, reports Yonhap news agen…
Seoul, Dec 31 (IANS) The number of high-skilled workers in South Korea grew for the fourth consecutive year in 2024, with such jobs in the semiconductor sector increasing by the most, government data showed on Wednesday.The total number of industrial technology workers stood at 1.74 million as of end-2024, up 1.1 per cent from a year earlier, according to the data from the Ministry of Trade, Industry and Resources, reports Yonhap news agency.Industrial technology workers refer to high-skilled em…