SEOUL, May 2 (Korea Bizwire) — South Korea vowed Monday to strengthen the monitoring of palm oil supplies following Indonesia’s recent ban of its exports amid the continued crisis surrounding Ukraine. Indonesia, the world’s biggest palm oil producer, announced the ban on palm oil exports on April 28, citing a domestic supply squeeze following the [...]
SEOUL, March 6 (Korea Bizwire) — South Korea will ban exports of strategic items to Belarus starting this week as the former Soviet republic has been supporting Russia’s invasion of Ukraine, the finance ministry said Sunday. The move came after South Korea decided to ban exports to 49 Russian organizations and firms last week, including [...]
SEOUL, March 12 (Korea Bizwire) — South Korea has decided to restrict the export of military goods including tear gas to Myanmar, suspend bilateral defense exchanges and reconsider development assistance to the Southeast Asian nation amid its violent crackdown on citizens protesting a coup, the government said Friday. The move follows Seoul’s repeated calls for [...]
SEOUL, Jul. 12 (Korea Bizwire) — A recent survey has revealed that 7 out of 10 Koreans plan to participate in a boycott against Japanese products amid Japan’s measures to impose restrictions on exports to South Korea. According to a survey conducted by Realmeter commissioned by Traffic Broadcasting System (TBS), of the total survey participants, [...]