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Malaysia is Biggest Destination for S. Korean Halal Food Shipments: Survey

Malaysia is Biggest Destination for S. Korean Halal Food Shipments: Survey

SEOUL, Mar. 29 (Korea Bizwire) — Malaysia is the No. 1 destination for South Korean small and medium-sized firms exporting halal food, a survey showed Thursday. Halal food refers to food products that are prepared in a specific way according to Islamic Sharia law, which covers not only meat but also fruits and vegetables. Malaysia [...]

Games Biggest Contributor to S. Korea’s Content Exports Last Year

Games Biggest Contributor to S. Korea’s Content Exports Last Year

SEOUL, Feb. 12 (Korea Bizwire) — Game content was the biggest contributor to South Korea’s overall content exports last year, helped by the spread of smartphones from which games can be downloaded and played, a local content agency said Sunday. South Korea exported 4.1 trillion won (US$3.77 billion) worth of game content last year, accounting [...]

Exports by Startups to Hit Record US$20 Billion This Year: KITA

Exports by Startups to Hit Record US$20 Billion This Year: KITA

SEOUL, Oct. 27 (Korea Bizwire) — Exports by South Korea’s venture startups will likely hit a record US$20 billion this year helped by surging shipments of instrumentation and control devices and semiconductor production equipment to China and Vietnam, industry data showed Friday. The amount reached $14.7 billion for the first nine months this year, up [...]

South Korea Aims to Join Food Assistance Convention, Donate 50,000 Tons of Rice

South Korea Aims to Join Food Assistance Convention, Donate 50,000 Tons of Rice

SEJONG, Sept. 6 (Korea Bizwire) – South Korea plans to give rice to developing nations after it joins an international food assistance convention as part of its ambition to stabilize the local rice supply and help the needy around the world, the farm ministry said Wednesday. The Ministry of Agriculture, Food and Rural Affairs said it is preparing steps [...]

U.S. 4th Largest Market for S. Korean Cosmetics in Q1

U.S. 4th Largest Market for S. Korean Cosmetics in Q1

SEOUL, May 4 (Korea Bizwire) – The United States ranked as the fourth-largest overseas market for South Korean cosmetic products in the first quarter of 2017 despite concerns of protectionism, a trade association said Thursday.  In the January-March period, South Korean companies trailed French, Canadian and Chinese firms in terms of makeup products shipped to [...]

Korean Firms Struggle with China’s Nitpicking Customs Screening

Korean Firms Struggle with China’s Nitpicking Customs Screening

SEOUL, March 20 (Korea Bizwire) – While Lotte is suffering the most from China’s retaliatory measures over South Korea’s deployment of a THAAD missle system – with almost 90 of 99 Lotte Mart outlets in China temporarily closed – other firms exporting to the country are struggling with customs clearance procedures that have become overly [...]