S. KOREA’S DOMESTIC DEMAND SHOWS IMPROVEMENT IN APRIL

Highlights –

• S. Korea’s domestic demand shows improvement in April.
• The country’s exports saw an increase of 41.1% on-year in April.
• In April, sales at department stores rose 26.8 percent on-year.
• The county rep...

S. KOREA’S INDUSTRIAL OUTPUT INDEX ROSE TO 111.2 IN JAN-MARCH PERIOD

Highlights –

• S. Korea’s industrial output index rose to 111.2 in Jan-March period.
• The country's exports rose to 41.1 percent on-year in April.
• The index gauging output in the mining, manufacturing, gas, and electricity indu...

S. KOREA SAW A RECORD INCREASE IN EXPORTS BY 41.1% IN APRIL

Highlights –

• S. Korea saw a record increase in exports by 41.1% in April.
• Exports grew on demand for chips and automobiles.
• Outbound shipments in April were reported to be $51.1 billion.
• Stronger demand for laptops and othe...

S. KOREA’S EXPORTS OF COVID-19 VIRUS RELATED GOODS ROSE $5.9 BILLION

Highlights –

• S. Korea’s exports of COVID-19 virus related goods rose $5.9 billion.
• The country's overall exports came to $512.8 billion, down 5.4 percent from 2019.
• Exports of medical test kits surged $4.5 billion in 2020.

S. KOREA’S EXPORTS IN MARCH ROSE 16.6 PERCENT TO $53.8 BILLION

Highlights –

• S. Korea’s exports in March rose 16.6 percent to $53.8 billion.
• Rising demand for chips and autos led to gains in exports.
• The country’s imports also rose 18.8 percent to $4.17 billion.
• Exports of a...

IMF RAISES ITS 2021 GROWTH OUTLOOK FOR SOUTH KOREA BY 3.6 PERCENT

Highlights –

• IMF raises its 2021 growth outlook for South Korea by 3.6 percent.
• IMF is said to have taken into account the impact of the country’s latest $13 billion extra budget.
• Exports of chips and cars is said to have been k...

S. KOREA’S EXPORTS OF MEDICAL PRODUCTS ROSE TO $4.67 BILLION IN 2020

Highlights –

• S. Korea’s exports of medical products rose to $4.67 billion in 2020.
• Exports to the EU saw a significant rise on-year in 2020.
• South Korean trade and medical officials vowed with EU counterparts to make joint effor...

S. KOREA’S EXIM BANK REPORTS EXPORTS LIKELY TO EXPAND BY 12 PERCENT

Highlights –

• S. Korea’s Exim Bank reports exports likely to expand by 12 percent.
• The country’s exports are likely to expand with strong demands for chips and cars.
• Outbound shipments are expected to reach around $145 bill...

COSMETICS EXPORTS IN SOUTH KOREA ROSE BY 16 PERCENT IN 2020

Highlights –

• Cosmetics exports in South Korea rose by 16 percent in 2020.
• Demand for cosmetics grew from the United States and Asian countries.
• In 2020, the outbound shipments of cosmetics reached US$7.57 billion.
• In 2020, ...

EXPORTS IN SOUTH KOREA DECRESED BY 5.4 PERCENT IN 2020

Highlights –

• Exports in South Korea decreased by 5.4 percent in 2020.
• In 2020, the outbound shipments came to the US $512.8 billion.
• The country’s imports moved down to 7.2 percent on-year to $467.2 billion.
• Outbound ...

S. KOREA TRADE MINISTRY REPORTS AN INCREASE IN EXPORTS BY 1.2% IN DEC.

Highlights –

• S. Korea Trade Ministry reports an increase in exports by 1.2% in Dec.
• The increase in data was recorded in the first 20 days of December itself.
• From Dec. 1-20, the country’s outbound shipments were at $30.8 billio...

SOUTH KOREA WINS OVER COVID, BUT WILL IT GUARANTEE ECONOMIC GROWTH?

Highlights:

• South Korea was ready for the virus
• It recovered soon but its trading partners are still struggling with the virus
• Economic growth is a far cry currently

Testing, testing and testing is the mantra followed by South Korea that h...