JEONGEUP, South Korea, July 1 (Korea Bizwire) – Accidentally biting into one of many watermelon seeds can be an unpleasant experience, which is why farmers decided to come up with a seedless alternative. Jeongeup is a city located in North Jeolla Province, and seedless watermelons are one of its regional specialties. The area’s watermelon exports [...]
SEOUL, June 6 (Korea Bizwire) – South Korea’s weakening export growth may hurt the country’s growth by 0.2 percentage point this year as global demand remains sluggish and uncertainties involving a possible U.S. rate hike this month remain high, a parliamentary agency said Monday. The country’s weak export growth will continue to weigh on its [...]
SEJONG, May 11 (Korea Bizwire) – The Korea Customs Service (KCS) is reinforcing its crackdown on directly imported goods, with unsanitary food as its main target. The practice of purchasing foreign products (also known as overseas direct purchasing) through e-commerce websites such as Amazon has become commonplace among Koreans over the past few years. The KCS [...]
SEJONG, Jan. 25 (Korea Bizwire) – South Korea launched a business center to support local firms exporting to Iran on Monday as the former reclusive country is opening its market following the recent lifting of international sanctions, the finance ministry said. Located in downtown Seoul, the support center, backed by related government agencies including the [...]
SEJONG, Dec. 15 (Korea Bizwire) – South Korea posted a trade surplus for the 46th month in a row in November as imports dropped at a much faster pace than exports, customs data showed Tuesday. According to data from the Korea Customs Service (KCS), the country’s trade surplus reached a record high of US$10.32 billion [...]
SEOUL, Dec.10 (Korea Bizwire) – Seoul National University’s Bundang Hospital in collaboration with SK Telecom and EZCaretech signed an agreement to export a Clinical Data Warehouse (CDW) to King Abdulaziz Medical City Riyadh, one of the most prestigious hospitals in Saudi Arabia, for $1.3 million. A CDW is a solution that can be used to [...]
CHANGWON, Dec.8 (Korea Bizwire) – Live fishery products caught in Gyeongnam Province can now be tasted in New York. Gyeongnam Province promoted its fisheries at large supermarkets and restaurants in New York and New Jersey from December 4 to December 6. The local government explained that it succeeded in exporting live fishery products to the [...]
SEOUL, Dec. 4 (Korea Bizwire) - The ratification of a free trade pact with China will give hope to South Korean exporters struggling to expand market presence abroad, the country’s top economic policymaker said Friday. Chairing a fiscal policy meeting in Seoul, Finance Minister Choi Kyung-hwan said that the free trade agreement (FTA) approved by the [...]
SEOUL, Nov.18 (Korea Bizwire) – Dr. Chung’s Foods announced that it will be exporting 100,000 packs of eight different types of Vegemil soymilk, which are halal assured, to the United Arab Emirates (UAE). The exports are the result of an agreement with 1004 Mart, the largest Korean supermarket in the Middle East. Prior to the [...]
SEOUL, Nov.10 (Korea Bizwire) – Hanwoo (Korean beef) will soon be heading overseas. The Ministry of Agriculture, Food and Rural Affairs revealed that the quarantine procedures to export domestic beef, including Hanwoo, to Hong Kong are in the final procedures. According to the Ministry of Agriculture, Food and Rural Affairs, full-scale discussions with Hong Kong [...]