SEOUL, July 27 (Korea Bizwire) – ZAIGLE is a Korean household appliances maker best known for its BBQ grill of the same name. The uniquely-shaped cooking appliance has helped propel the venture company to surpass 100 billion won in annual revenue just seven years after the company’s launch. “We’ll strengthen our offline distribution in Korea [...]
SEOUL, July 26 (Korea Bizwire) – South Korean food companies are set to begin official sales of the traditional chicken soup to China as the first shipments to the mainland have recently cleared customs, industry officials said Tuesday. Samgyetang is a traditional chicken soup made with a whole young chicken stuffed with ginseng, sticky rice [...]
SEOUL, Jul. 25 (Korea Bizwire) — South Korea’s finance minister on Sunday said the country’s exports are anticipated to rebound in August, although uncertainties still remain after Britain’s exit from the European Union. “(The recovery) may come in August,” Finance Minister Yoo Il-ho said in a meeting with Korean reporters during his visit to China [...]
SEOUL, July 15 (Korea Bizwire) – The Ministry of Agriculture, Food and Rural Affairs (MAFRA) of Korea announced on July 14 that it would discuss export growth plans for agricultural food products during the ‘Ninth Public-Private Joint Conference on Agricultural Food Product Export Expansion’, which will take place on July 15 at the Korea Federation of [...]
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 [...]