SEOUL, Jun. 28 (Korea Bizwire) — South Korea’s industry ministry said Friday it has discussed ways to expand ties in addressing supply chain and export control issues with Washington under a regular bilateral dialogue. Industry Minister Ahn Duk-geun and his U.S. counterpart, Gina Raimondo, discussed related matters during the Supply Chain Commercial Dialogue (SCCD) in [...]
SEOUL, Jun. 10 (Korea Bizwire) — South Korea’s exports to the United States exceeded those to China so far this year, data showed Monday, raising the possibility that the U.S. could be the top export destination for South Korea for the first time in 22 years. Outbound shipments to the U.S. amounted to $53.3 billion [...]
SEOUL, May 30 (Korea Bizwire) – South Korea’s automakers led all industries in cash dividends paid to shareholders last year, reflecting a boom in exports and demand for eco-friendly vehicles even as a global chip slump weighed on technology giants. Listed companies distributed a total of 29.5 trillion won in cash dividends for 2023, up 3.3% [...]
SEOUL, May 21 (Korea Bizwire) — Hanwha Group Chairman Kim Seung-youn has called for turning the conglomerate’s defense affiliates into a global export powerhouse, as it seeks growth by selling beyond its main export destinations in Europe. Kim made the remarks as he visited a plant of the group’s key defense unit, Hanwha Aerospace Co., [...]
SEOUL, May 17 (Korea Bizwire) — South Korea added more than 200,000 jobs in April on the back of the marked increase in manufacturing jobs on export growth, data showed Friday. But the number of people who remained unemployed and sought a job surged by the most in more than three years amid demographic changes, [...]
SEOUL, May 14 (Korea Bizwire) — Nongshim Co., South Korea’s leading instant noodle maker, said Tuesday it is considering building a new domestic plant for exports only amid growing overseas demand for Korean instant noodles, called ramyeon. Nongshim is in consideration to build the exports-only plant in the southeastern port city of Busan or Pyeongtaek, [...]
SEOUL, May 8 (Korea Bizwire) – South Korea’s auto exports climbed 10.3 percent in April from a year earlier, data showed Wednesday, on the back of strong demand for eco-friendly cars from North America. The combined value of car shipments came to US$6.8 billion last month, beating the previous record of $6.53 billion tallied in [...]
SEOUL, May 2 (Korea Bizwire) — South Korea’s exports of agricultural products rose 6.2 percent on-year in the first four months of 2024 to set a fresh high, driven by growing demand for processed foodstuffs, including instant noodles, data showed Thursday. The combined exports of agricultural goods came to US$3.12 billion over the January-April period, [...]
SEOUL, Apr. 26 (Korea Bizwire) — Trade Minister Cheong In-kyo said Friday he expects exports to rise for the seventh consecutive month in April, helped by a recovery of chip shipments. “In April, exports are expected to maintain growth for the seventh consecutive month on the back of robust shipments to the U.S., China and [...]
SEOUL, Apr. 25 (Korea Bizwire) — South Korea’s economy grew at the fastest pace in over two years in the first quarter of the year on the back of a continued recovery in exports and a rise in construction investment, central bank data showed Thursday. The country’s real gross domestic product — a key measure [...]