South Korea’s exports sank 3.2 percent in October from the year-ago period to reach $41.9 billion with shipments hurt by lengthy strike at auto-making sites and recall and discontinuation of Galaxy Note7 premium phone. Except for August, Korean exports contracted against the previous year since December 2014, the fi rst time exports that drives the economy has been sluggish for so long.

Refl ecting poor domestic demand, imports in October slipped 5.4 percent year-on-year to $34.8 billion. The nation as result recorded a trade surplus of $7.2 billion last month, a black fi gure for the 57th consecutive month, according to the Ministry of Trade, Industry and Energy on Tuesday.
Exports of automobiles fell 11.8 percent year-on-year and outbound shipments of wireless electronics devices tumbled 28.1 percent, the biggest drop since July in 2012 hit by the exit of Galaxy Note7.
By item, exports of semiconductor, vessels and computers have increased. Shipments in petrochemical and steel products, automobiles, petroleum products and electronic appliances improved.
Shipments of fl at panel displays and computers were strongest for the year, recording $2.38 billion and $790 million, respectively. Exports of cosmetics reached $400 million, the second largest monthly export amount in the nation’s history.
By nation, exports to China came to $11.1 billion, the largest for the year. The fi gure is down 11.3 percent from the same period of last year. Exports to Vietnam have continued to rise and those to the European Union, Southeast Asian countries and the Middle East have turned upward. Exports to the U.S. and Japan remained soft.

korean-machinery.com | Blog Magazine of korean-machinery, brands and Goods
[INQ. NO. 1611M38] One Dream to One World NEOOTO is an expert manufacturer of an automotive powertrain parts driven by challenge, quality and customer trust. Since its foundation in 1998, OTO has developed into the top automotive powertrain parts manufacturer in Korea through continuous and self-driven technical innovation with “autonomous management” as its basis.
OTO has received top scores in assessments. OTO has a yearly production scale of 52 million units (5.5 million for completed vehicles). The company can fully produce any core transmission part with its full assembly line, including manual, automatic and continuously variable transmissions and DCT.
INQ. NO. 1611M33] Taeyoung M&F Co., Ltd. is an R&D specialized eco-friendly technology company that produces chemical catalysts, absorbent, chemical fi lters, and electric precipitation technology based ultra-small precipitation systems in order to remove ultrafi ne particles and toxic substances,




customer-oriented production activity that involves strengthening superior corporate competitiveness and multiple cultures. In this context, it is activating domestic sales and exports simultaneously.
. Based on this system, it promises sustainable growth by innovating the production system for customers and creating maximum investment effect.


[INQ. NO. 1611M26] Samjeong E&W is a representative enterprise in the component technology of ship engines and wind-power generation. Since its establishment in 1983, Samjeong E&W has played a vital role in the shipbuilding industry and the wind-power industry in Korea, providing the best quality in main shaft technology of diesel engine parts for ships and wind-power main shafts.
Moreover, foreign wind main shafts are being processed and manufactured for the first time in Korea and along with making a great contribution toward the advancements in the green energy industry, it is taking off as an integrated machinery corporation, from precise manufacturing to construction.


