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The Korea International Trade Association has appointed Jeong Marn-ki, chairman of the Korea Automobile Industry Association, as its vice chairman. “He is an expert who has deep understanding of the industry and is well-versed in trade policy,” KITA Chairman Koo Ja-yeol said. ....
Exports of key products forecast to grow 12% in 2021: biz body | This file photo, taken June 4, 2020, shows stacks of import-export cargo containers at South Korea s largest seaport in Busan, 450 kilometers southeast of Seoul. (Yonhap) Exports of South Korea s key industries are expected to grow nearly 12 percent in 2021 thanks to economic rebounds in major economies, a business body said Tuesday. The Korea Industry Alliance Forum (KIAF) projected overseas shipments of chips, automobiles and nine other major business sectors to expand 11.9 percent on-year to $422.2 billion next year. Annualized growth forecasts are 14 percent for ships, 10.3 percent for automobiles, 6.4 percent for machinery and 3.9 percent for electronics. ....