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S. Korea Runs Trade Surplus for 17th Month with near $6 bn in June

South Korea logged close to $6 billion in trade surplus in June, extending the surplus for 17 consecutive months.
Korea’s exports dropped 3.4 percent month-onmonth (mom), or one percent year-on-year (yoy), to $46.7 billion in June, according to data published by the Korea Customs Service Sunday. Imports declined 4.1 percent mom, or three percent yoy, to $40.7 billion last month.

Samsung’s Smartphone Lead to be Challenged by Apple, LG

Samsung Electronics’ unchallenged dominance in the global smartphone market will be put to question as competition is expected to intensify in the second half(H2) of this year.

Kia’s “New K5” Makes a Hit

KIA Motors’ “New K5” is gaining a sweeping popularity. Sales of the model surpassed 5,000 units in just ten
operation days albeit being a facelift model, not a wholy new model.

Hyundai, Kia’s Hybrid Car Sales Reach Record High in US

Hyundai Motor and Kia Motors’ sales of their hybrid cars hit a record high in the US market where fuel efficient and environment-friendly hybrid cars have become widely available.

S. Korean carmakers’ exports to EU swing to contraction last year amid recession

Exports of all five South Korean carmakers to the European Union (EU) swung to contraction due to the fiscal crisis in Europe and the subsequent global recession last year.

S. Korea’s export posts double-digit growth in 11 months

South Korea’s exports of IT products and autos markedly jumped as the global economy showed signs of recovery.
The nation’s exports jumped 11.8 percent on-year to record $4.6 million in January this year, according to the recent
data released by the Ministry of Knowledge Economy (MKE). This marks a double-digit growth of the nation’s export
in 11 months. Imports also climbed at a pace of 3.9 percent to reach $4.52 million.

S. Korea’s exports of machine tools hit record high of $2.5 bn

South Korea’s exports of machine tools rose to a record high of $2.5 billion this year, according to the nation’s
Ministry of Knowledge Economy (MKE).

IT sector’s contribution to S. Korea’s exports declines while energy gains

 

South Korea’s exports of IT products hit a record high last month, buoyed by growths in the nation’s outbound
shipments of handsets and semiconductors.
The nation’s IT exports in October amounted to $14.55 billion, surpassing the previous record high of $14 billion
in October of 2010, according to data on October’s export and import activities released by the Ministry of
Knowledge Economy (MKE). When compared to the same period a year ago, this is up 6.1 percent from $13.7
billion. The figure rose 3.4 percent from the previous month of $14 billion.
Such an upward trend was largely driven by strong exports of handsets and semiconductors. The nation’s
outbound shipments of handsets jumped for three consecutive months to $2.2 billion while those of semiconductors
broke this year’s highest level of $4.6 billion. Exports of strategically-important smartphones to the European
countries continued an upbeat trend while the reliance of overseas manufacturing slid three percent to 78 percent,
all of which contributed to the expansion of handset exports.
The nation’s inbound shipments of IT products also went up 10.9 percent on-year to reach $7.4 billion and thus
IT trade surplus declined slightly to post $7.1 billion. The IT trade surplus was 1.9 times higher than the total trade
surplus, indicating that IT exports are driving up the overall surplus of trade balance.

Container cargo volume climbs 4.7 pct in June

The volume of container cargoes handled by South Korean seaports in June this year will rise 4.7 percent on-year to log 1.87 million TEU(twenty-foot equivalent unit), revealed the Ministry of Land, Transport, and Maritime Affairs(MLTM) Import and export cargoes are estimated to climb 4.1 percent to reach 1.15 million TEU, while transshipment cargos will climb 7.2 percent to 0.69 million TEU.

Q3 export sentiment hits record-low since Q1, 2009

Business conditions for South Korea’s exports will continue to stagnate in the third quarter (Q3) of this year due to euro-zone financial problems and China’s economic slowdown, a poll recently showed.
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