SEOUL, March 19 (Korea Bizwire) — South Korea’s outbound shipments of medical products to the European Union (EU) more than doubled on-year in 2020, data showed Friday, with Seoul seeking to further expand exchanges with the EU to cope with the coronavirus pandemic. Exports of pharmaceutical products and medical instruments came to US$4.67 billion in [...]
SEOUL, Aug. 4 (Korea Bizwire) — South Korean fashion firms based in Vietnam are expected to benefit from the free trade agreement (FTA) between the Southeast Asian country and the European Union, which went into effect this month, a report showed Tuesday. “Under the agreement, clothes producers based in Vietnam can enjoy the benefit of [...]
BRUSSELS/SEOUL, July 1 (Korea Bizwire) — The European Union (EU) has approved a guideline recommending its member states reopen their borders to 14 countries, including South Korea, after restricting all non-essential entries from outside the bloc over coronavirus fears. The European Council representing 27 member states adopted the non-binding recommendation on Tuesday (Belgium time), taking [...]
SEOUL, Aug. 5 (Korea Bizwire) — Recent data has revealed that South Korea was the fifth-largest importer of European beer last year. The biggest export market for European Union (EU) beer last year was the United States, where a combined 1 billion liters of beer were exported, according to EU statistics agency Eurostat. This is [...]
Amsterdam, The Netherlands and San Sebastian, Spain, Apr. 2 (Korea Bizwire) - Royal Philips (NYSE: PHG, AEX: PHIA), a global leader in health technology today announced the results of the Advancing Care Coordination & Telehealth Deployment at Scale (ACT@Scale) Program during the 19th annual International Conference on Integrated Care in San Sebastian, Spain. ACT@Scale is the [...]
SEOUL, Oct. 26 (Korea Bizwire) — New data shows that South Korea is one of the 10 largest importers (in terms of price) of coffee products produced in the European Union (EU). According to Eurostat, the EU’s statistics agency, the sum amount of coffee products exported from the EU to South Korea last year totaled [...]
SEOUL, Aug. 14 (Korea Bizwire) — Over the past five years, during which the free trade agreement (FTA) between South Korea and EU entered effect, the number of European-made cars imported to South Korea grew by 95 percent, while the number of Korean-produced vehicles exported to Europe grew by just 13 percent. According to the [...]
BRUSSELS, Dec. 14 (Korea Bizwire) — The European Union has said South Korea could be off its tax haven blacklist as soon as late January, if the country promises to amend or scrap tax breaks for international companies. South Korea was branded as a tax haven along with 16 other countries including Mongolia and Namibia according [...]
SEOUL, Dec. 6 (Korea Bizwire) — South Korea slammed the European Union (EU)’s decision on Wednesday to put Asia’s fourth-largest economy on a new EU blacklist of tax havens, saying that its inclusion is “not in accordance with international standards” and poses the risk of “violating taxation sovereignty.” On Tuesday, the EU disclosed a blacklist [...]
SEOUL, Sept. 20 (Korea Bizwire) — South Korean small and medium enterprises (SMEs) have a lower survival rate than their European Union counterparts with some 6 out of 10 surviving more than one year and less than 30 percent past five years, data showed Wednesday. A total of 62.4 percent of Korean companies remained opened [...]