SEJONG, Aug. 13 (Korea Bizwire) — South Korea’s agriculture ministry said Tuesday that the country has received the nod from Britain to ship heat-treated chicken products to the European nation. The approval will allow South Korea to export a wide array of related products, including traditional chicken soup, or “samgyetang,” according to the Ministry of [...]
SEOUL, Aug. 7 (Korea Bizwire) – A recent survey has revealed that 7 out of 10 South Korean companies are either currently affected or anticipate future impacts from China’s aggressive low-price export strategy. This development comes amid concerns that the strategy may persist due to rising inventory levels in China. According to a study conducted by [...]
SEOUL, Jul. 5 (Korea Bizwire) – The widening interest rate gap between Japan and the United States has led to a “super weak yen” phenomenon, creating an unexpected hurdle for South Korea’s previously robust export sector. As the U.S. maintains high interest rates, the dollar continues to strengthen, but the yen’s value has fallen more sharply [...]
SEOUL, Jul. 1 (Korea Bizwire) — Over 60 percent of large companies in South Korea predict the country’s exports to see on-year growth during the second half of the year, according to a poll released Monday. According to the survey conducted recently by polling agency Mono Research on the top 1,000 domestic companies in terms [...]
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, [...]