SEOUL, Sept. 13 (Korea Bizwire) — Exports of South Korean beauty products to Southeast Asian countries soared 31.6 percent last year, amid surging demand for skin care and makeup items, a report showed Wednesday. The outbound shipments of Korean cosmetics products to the 10-member Association of Southeast Asian Nations (ASEAN) reached US$406 million in 2016, [...]
SEOUL, Sept. 11 (Korea Bizwire) – Increasing roadblocks on the path towards the Chinese economic heartland and a disquieting back and forth with the United States over the KORUS FTA has pushed the South Korean government to grow its trade with India and South Asian nations. According to the Ministry of Trade, Industry and Energy, [...]
BUSAN, Sept. 1 (Korea Bizwire) — South Korea and five Southeast Asian countries surrounding the Mekong River agreed on Friday to strengthen diplomatic and economic cooperation during an annual high-level meeting in the southern port city of Busan. The 7th Mekong-Republic of Korea Foreign Ministers’ Meeting adopted a new action plan outlining the long-term vision [...]
SEOUL, Aug. 2 (Korea Bizwire) – South Korean President Moon Jae-in on Wednesday vowed to upgrade his country’s relations with Indonesia and other Southeast Asian nations to the level of its ties with the world’s most powerful countries. “I am very happy to see that South Korea-Indonesia relations are expanding,” Moon said, according to his [...]
SEOUL, March 17 (Korea Bizwire) – With China taking a hard line against South Korea amid the ongoing political dispute over the THAAD missile defense system, South Korean companies are beginning to divert their attention towards Southeast Asian countries that offer more certainty and stability for their business. Companies from East Asian countries – namely [...]
SEJONG, Feb. 14 (Korea Bizwire) – South Korea and Southeast Asian countries agreed to speed up negotiations to upgrade their free trade agreement, Seoul’s trade ministry said Tuesday, amid rising fears over trade protectionism. Seoul has been in talks with the 10 Association of Southeast Asian Nations (ASEAN) to improve the FTA, which took effect [...]
SEOUL, Nov. 2 (Korea Bizwire) – The ASEAN Fair 2016 kicked off at COEX Wednesday with chefs and food and beverage businesses from ten ASEAN member nations participating. The fair will be highlighted by the ASEAN Food Festival and an exhibit of ASEAN food and beverage products, providing ASEAN companies (some 100 participants) the opportunity [...]
SEOUL, July 20 (Korea Bizwire) — South Korean firms operating in Vietnam have yet to yield profits expected of the amount of investment they have made in the emerging market, a trade report released Wednesday said. South Korean companies invested an aggregate total of US$15 billion in Vietnam as of the end of last year, [...]
GANGNEUNG, June 10 (Korea Bizwire) – The Asean-Korea Centre is hosting the 2016 ASEAN School Tour Program Friday at Dano Culture Center in Gangneung, Gangwon Province. The event is being co-hosted with the Gangwon Education Office, Gangneung Office of Education, and Gangneung Dano Festival Committee, and some 450 middle school students and teachers from the city [...]
SEOUL, May 30 (Korea Bizwire) – A workshop to transfer South Korea’s fashion know-how to Indonesia will be held in the Southeast Asian nation this week, one of the event’s co-organizers said Monday. The Seoul-based ASEAN-Korea Center said it will co-host the event with Indonesia’s trade ministry. The ASEAN-Korea Center was launched by South Korea [...]