SEOUL, May 24 (Korea Bizwire) — South Korea’s imports of consumer goods from Japan plunged 37 percent in April from a year earlier due to Japan’s export curbs and the new coronavirus impact on consumer spending, government data showed Sunday. The value of imported Japanese consumer goods fell on-year to US$249 million last month as [...]
SEOUL, April 16 (Korea Bizwire) — South Korea’s exports of high-end consumer goods to Southeast Asia has increased sharply since 2010, data showed Thursday, led mostly by their strong demands for cosmetic goods. The country’s exports of high-end consumer goods, which include beauty and fashion items, along with luxury goods, to Singapore have been expanding [...]
SEOUL, Feb. 18 (Korea Bizwire) — South Korea’s imports of key consumer goods from Japan fell for the seventh consecutive month in January as a boycott of Japanese goods has dragged out amid their monthslong feud over their shared wartime history, data showed Tuesday. Imports of consumer goods from Japan dipped 35.9 percent from a [...]
SEOUL, Mar. 12 (Korea Bizwire) — South Korea will ban using radioactive materials in consumer goods this year following public concerns over radon gas emitted from various products, the government said Tuesday. The Nuclear Safety and Security Commission said the government finalized this year’s policy aimed at preventing a recurrence of radon contamination concerns, including [...]
SEOUL, Dec. 12 (Korea Bizwire) — The price competitiveness of domestic consumer goods enterprises is rapidly falling, and is on the verge of being surpassed by companies in developed countries. This assessment is the result of a survey conducted by the Korea Federation of Small and Medium Enterprises (KBIZ). According to a report released by [...]
SEJONG, Nov. 29 (Korea Bizwire) – The government set out a series of countermeasures Tuesday against increasing concerns over goods containing chemical substances, which included an investigation of all everyday use chemical products. “We have had growing public unease with everyday use products that contain chemicals, from incidents like the toxic humidifier sterilizer case,” said [...]
SEOUL, June 13 (Korea Bizwire) – Korea’s Institute for International Trade (IIT) revealed Sunday in its report, ‘Opening New Trade Paths with High-end Consumer Goods’, that despite Korea’s suffering export industries, exports of high-end consumer goods have increased sharply in recent years. High-end consumer goods include rare, high-quality, and high-priced goods such as beauty products, [...]