SEOUL, March 2 (Korea Bizwire) – The collapse of Hanjin Shipping Co. is expected to push up shipping costs of local exporters, and thus undermine their competitiveness and profitability, a survey showed Thursday. The once top South Korean shipping line was declared bankrupt on Feb. 17. The failure of Hanjin is forcing local shippers to [...]
SEOUL, Feb. 8 (Korea Bizwire) – South Korean steel and chemical products, the country’s leading export items, have increasingly become targets of import restrictions in other countries, a trade agency said Wednesday. Reports sent in by overseas offices of the Korea Trade-investment Promotion Agency (KOTRA) showed that of the 19 new investigations launched against products [...]
SEOUL, Dec. 15 (Korea Bizwire) – South Korea has faced increased non-trade barriers raised by foreign countries in the past few years, while such measures around the globe declined, a report said Thursday. According to the report compiled by the Korea Chamber of Commerce and Industry (KCCI), a total of 134 non-tariff measures such as [...]
SEOUL, Dec. 7 (Korea Bizwire) – South Korean exporters are bracing for growing protectionism as foreign countries are struggling to shield their local industries from a prolonged economic slowdown and surge in foreign imports, industry data showed Wednesday. According to the data compiled by the Korea International Trade Association (KITA), a total of 132 anti-dumping [...]
SEOUL, Nov. 24 (Korea Bizwire) – InssTek, a leading metal 3D printing company, said Thursday it signed an exports contract with a Russian university worth US$2.3 million. Peoples’ Friendship University of Russia will receive a customized MX Grande printing system that can produce structures with a dimension of up to 4 meters by 1 meter [...]
SEOUL, Oct. 21 (Korea Bizwire) – South Korean exports to China fell 9 percent on year last month, marking the 15th straight month of decline, data showed Friday, spawning worries that the country’s overseas shipments to the neighboring country may not recover any time soon. Shipments to China stood at US$10.96 billion in September, compared [...]
SEOUL, Oct. 14 (Korea Bizwire) – South Korea’s exports to Vietnam have more than doubled over the past five years, making it the world’s third-largest importer of South Korean products, a report said Friday, urging local exporters to turn their gaze to newly emerging markets such as Vietnam. In 2015, the country’s outbound shipments to [...]
SEJONG, Oct. 6 (Korea Bizwire) – Exports of South Korea-made instant noodles, or ramyeon, are expected to hit a record high in 2016 on the back of rising popularity in China, customs data showed Thursday. The total value of ramyeon exports stood at US$175 million in the first eight months of the year, up 26.5 [...]
SEOUL, Sept. 30 (Korea Bizwire) – North Korea’s exports of coal to China reached a record high on a monthly basis last month despite sanctions imposed following a series of nuclear and missile tests, as the reclusive nation cut prices to boost its shipment to its strongest ally, a report showed on Friday. According to [...]
SEOUL, Sept. 23 (Korea Bizwire) – South Korean companies’ exports of mobile handsets, including smartphones, to China dropped by more than 27 percent in the first eight months of the year from a year earlier amid the rising presence of Chinese rivals there, a report said Friday. According to the Institute for Information & Communications [...]