SEOUL, Sept. 16 (Korea Bizwire) — The number of South Koreans who travelled to Japan during this year’s fall harvest holiday sharply declined from last year, due to the response to Tokyo’s export curbs on Seoul, data showed Monday. The number of Koreans who traveled to or from Japan via Incheon International Airport came to [...]
SEJONG, Sept. 16 (Korea Bizwire) — South Korean imports of Japanese beer fell 97 percent in August from a year earlier due to a boycott of Japanese products amid a bilateral trade spat, data showed Monday. The value of imports of Japanese beer came to US$223,000 in August, compared with $7.56 million in the same [...]
SEOUL, Sept. 4 (Korea Bizwire) — The number of South Korean tourists visiting Japan plunged more than 19 percent on-year last month due to a widening voluntary “Japan tour boycott” campaign against Tokyo’s recent implementation of strict trade regulations on Seoul, the country’s main airport operator said Wednesday. According to the Incheon International Airport Corp., [...]
SEOUL, Sept. 4 (Korea Bizwire) — Imported vehicle sales in South Korea fell 5.6 percent last month due to a slump in sales of Japanese vehicles amid trade tension with Japan, industry data showed Wednesday. The number of newly registered foreign vehicles stood at 18,112 in August, down from 19,206 a year earlier, according to [...]
SEOUL, Sept. 3 (Korea Bizwire) — As South Korea continues to boycott Japanese products in response to economic retaliation from Japan, this year’s most sought-after tourist destination for the Chuseok holidays is also changing. Wemakeprice Inc., a local open market operator, said that the majority of South Koreans booked flights to Vietnam, Thailand, and other [...]
SEOUL, Aug. 28 (Korea Bizwire) — The convenience store industry will exclude Japanese beers from promotional events next month in consideration of worsening public sentiment toward Japan. According to retail industry sources on Tuesday, major convenience store chains such as CU, GS25 and 7-Eleven excluded Japanese beers such as Asahi, Sapporo and Kirin Ichiban from [...]
SEOUL, Aug. 27 (Korea Bizwire) — An intensifying trade feud with Japan is pushing South Korean companies to look beyond their longtime business partners and enhance self-sufficiency on concerns that Tokyo’s stronger export controls could choke off their supply chains. High-tech parts and materials have been unsung heroes behind the latest smartphones and televisions made [...]
SEOUL, Aug. 21 (Korea Bizwire) — The number of South Korean tourists visiting Japan tumbled more than 7 percent in July from a year earlier amid escalating tensions between the two neighbors over history and trade, Japanese government data showed Wednesday. A total of 561,700 South Koreans visited Japan last month, marking a 7.6 percent [...]
SEOUL, Aug. 21 (Korea Bizwire) — The boycott movement against Japan within South Korea, sparked by export restrictions imposed last month by Shinzo Abe’s government, has even spread to Japanese brand cigarettes. The number of cigarettes imported to South Korea from the Philippines came to 403 tons last month, down 31.9 tons or 7.3 percent [...]
SEOUL, Aug. 18 (Korea Bizwire) – South Korean airlines have seen their shares tumble since July as more locals shun tours to Japan amid trade tension between the two nations, data showed Sunday. The combined market value of six airlines listed on the main KOSPI market was estimated at 4.8 trillion won (US$4 billion) as [...]