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S. Korea’s Trade Deficit with Japan Inches Up amid Weaker Boycott

S. Korea’s Trade Deficit with Japan Inches Up amid Weaker Boycott

SEOUL, Nov. 26 (Korea Bizwire) — South Korea’s trade deficit with Japan edged up in the first 10 months of the year, data showed Thursday, as a local boycott of Japanese consumer goods shows signs of losing steam. Seoul posted a trade deficit of US$16.56 billion in the January-October period, compared with $16.42 billion during [...]

Japanese Breweries Attempt to Regain Foothold in S. Korea Through Price Cuts

Japanese Breweries Attempt to Regain Foothold in S. Korea Through Price Cuts

SEOUL, Nov. 24 (Korea Bizwire) — After going through a complete collapse amid the ‘No Japan’ boycott campaign in South Korea, Japanese breweries are striving to regain a foothold through price cuts. Lotte Mart, the hypermarket chain operated by Lotte Shopping, is now holding a promotional event selling four cans of Asahi beer that its [...]

Calls for ‘Mulan’ Boycott Rise Ahead of South Korea Release

Calls for ‘Mulan’ Boycott Rise Ahead of South Korea Release

SEOUL, Sept. 15 (Korea Bizwire) — Walt Disney’s live action film “Mulan” is facing the risk of boycott even before its release in South Korea after the movie sparked controversy for justifying China’s human rights violation against the ethnic minority Uyghurs. The hashtags #BoycottMulan and #BanMulan have gone viral on Twitter and other social media [...]

One Year After ‘Boycott Japan’ Movement, Majority of Koreans Still Avoid Japanese Goods

One Year After ‘Boycott Japan’ Movement, Majority of Koreans Still Avoid Japanese Goods

SEOUL, Aug. 13 (Korea Bizwire) — More than a year after Japan imposed export restrictions against South Korea, igniting a boycott movement against Japanese goods, 3 out of 4 Korean consumers said they are still participating in the boycott movement. According to a survey conducted by the Korea Broadcast Advertising Corp. of 1,000 Koreans from [...]

Japanese Tobacco Maker Unaffected by Boycott Movement

Japanese Tobacco Maker Unaffected by Boycott Movement

SEOUL, July 30 (Korea Bizwire) — Despite the boycott movement against Japanese products marking its first year after being sparked by Japan’s export restrictions against South Korea, consumption of Japanese cigarettes has remained more or less unaffected. The Korea Customs Service reported that South Korea imported 4,220.6 tons of cigarettes from the Philippines between July [...]

S. Korean Imports from Japan Drop Following Japanese Export Restrictions

S. Korean Imports from Japan Drop Following Japanese Export Restrictions

SEOUL, July 27 (Korea Bizwire) — The South Korean economy’s dependence on Japan has been on a downward trend since Japan imposed export restrictions against South Korea in July 2019, the country’s leading business lobby group said Sunday. The share of imports from Japan among overall South Korean imports fell from 9.8 percent in Q1 [...]