The Korean government will work toward overcoming trade barriers, tackling global supply chain instability and helping companies reduce carbon emissions, said President Moon Jae-in in an address marking Trade Day Monday.
Korea's exports are expected to touch an all-time high in 2021 on brisk overseas demand for key products amid the global economic recovery, with their growth momentum likely to continue next year, a report said Monday.
Korea Aerospace Industries (KAI) is aiming to supply Slovakia with 10 domestically developed FA-50 light fighter aircraft as part of the central European country's push to replace its ageing fleet of trainer jets.
Korea's exports are expected to have expanded for a 10th straight month, a Reuters poll showed on Monday, supported by robust demand for key items, even as the resurgence in coronavirus weighed on business sentiment.
Korea's exports rose 46.4 percent on-year in the first 10 days of August on the back of robust demand for chips and petroleum products, customs data showed Wednesday.
Korea's exports are expected to remain resilient in the second half of the year on a series of positive external factors, the central bank said Wednesday.
More than three-fourths of Korean exporters to China have suffered damage from the coronavirus pandemic, a poll showed Monday.
Korea's exports soared 45.6 percent in May, the sharpest growth since 1988 thanks to a rebound in mainstay export items including semiconductors, cars and petrochemical products.
Korea's terms of trade rose for the 12th consecutive month in March, as exports have shown signs of a strong recovery, central bank data showed Thursday.
Korea said Monday it has granted final approval to an SK hynix 120 trillion-won ($106 billion) project to build a new semiconductor complex, a move that could ease supply shortages in the global market.