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 [...]
SEOUL, Nov. 1 (Korea Bizwire) –South Korea’s exports contracted at the steepest rate in six years in October as outbound shipments backtracked for the 10th straight month this year, the government said Sunday. Outbound shipments came to US$43.47 billion last month, down 15.8 percent from the same month last year, the sharpest drop since a [...]
SEOUL, Oct. 16 (Korea Bizwire) – South Korea’s exports are expected to continue to decline in the remainder of the year amid low oil prices and a slowing Chinese economy, a poll showed Friday. The country’s leading export sentiment index came to 48.6 for the October-December period, down 3.3 points from the previous quarter, according [...]
SEOUL, Sept. 8 (Korea Bizwire) – As the prospect that China will go through a much more severe economic slowdown than expected is spreading, concerns about the impact this will have on the Korean economy are growing. Korea has a bigger dependency on China compared to other countries. According to a report issued by The [...]
SEOUL, July 9 (Korea Bizwire) – In the first half of the year, exports of agricultural products by NH Nonghyup increased by 16 percent to US$160 million, as markets for Korean mushrooms, tomatoes and ginseng products expanded. By product, mushroom exports skyrocketed 145 percent thanks to increased sales to North America, and strawberry exports were up [...]
SEJONG, June 15 (Korea Bizwire) — South Korea posted a trade surplus for the 40th month in a row in May as imports dropped at a faster pace than exports, customs data showed Monday. According to the data by the Korea Customs Service (KCS), the country’s trade surplus reached US$6.3 billion last month, down from $8.53 [...]
SEJONG, Jun. 4 (Korea Bizwire) — The South Korean economy remains weak overall as a slump in exports weighs down on its growth, a state-run think tank said Thursday. In its latest report on the economy, the Korea Development Institute (KDI) said private consumption has improved at a moderate pace, but a drop in outbound [...]