SEOUL, Oct. 31 (Korea Bizwire) — Exports of South Korean beer have jumped more than 50 percent so far this year compared with the same months last year, driven by growing popularity in China, data showed Wednesday. Figures from the Agro-Fisheries & Food Trade Corp. (aT) showed exports of US$121 million in the January-September period, [...]
SEOUL, Oct. 1 (Korea Bizwire) — Dairy exports to China are recovering quickly this year after a steep dive in 2017 due to a diplomatic spat, industry officials said Monday. Maeil Dairies Co. is estimated to have increased its exports to China by 20 to 30 percent in the first six months of this year [...]
SEOUL, Aug. 30 (Korea Bizwire) — Hyundai Motor Co. and its affiliate Kia Motors Corp. said Thursday they are considering shipping some of their cars made in China to Southeast Asia amid lackluster sales in the world’s biggest automobile market. Still, a Hyundai official said it could take time before making a final decision. He [...]
NEW DELHI, Jul. 6 (Korea Bizwire) — South Korean companies are pumping up their efforts to diversify export items to India as they seek to tap deeper into Asia’s third-largest economy, industry sources said Friday. So far, South Korean companies have focused on such manufacturing sectors as autos, chemicals, electronics, steel and machinery, but their [...]
SEOUL, Jun. 11 (Korea Bizwire) — South Korea’s exports of handsets fell to a 15-year low over the January-April period this year, data showed Monday, apparently on the growth of Chinese rivals in the global market. According to the data compiled by the Ministry of Science and ICT and Statistics Korea, the country shipped US$4.8 [...]
SEOUL, May 23 (Korea Bizwire) — Although the total number of Korean cars exported this year thus far has dropped, the average unit price has risen due to the increase in exports of SUVs and luxury sedans. This is expected to help carmakers cash in on profits despite the industry’s overall slowed growth. According to [...]
SEOUL, Mar. 29 (Korea Bizwire) — Malaysia is the No. 1 destination for South Korean small and medium-sized firms exporting halal food, a survey showed Thursday. Halal food refers to food products that are prepared in a specific way according to Islamic Sharia law, which covers not only meat but also fruits and vegetables. Malaysia [...]
SEOUL, Feb. 12 (Korea Bizwire) — Game content was the biggest contributor to South Korea’s overall content exports last year, helped by the spread of smartphones from which games can be downloaded and played, a local content agency said Sunday. South Korea exported 4.1 trillion won (US$3.77 billion) worth of game content last year, accounting [...]
SEOUL, Dec. 5 (Korea Bizwire) — South Korea has become the world’s sixth largest exporter, moving up two notches from 2016, on the back of brisk sales of memory chips and a rally in oil prices, the trade ministry said Tuesday. Exports by Asia’s fourth-largest economy jumped 16.5 percent in the first 11 months of [...]
SEOUL, Oct. 27 (Korea Bizwire) — Exports by South Korea’s venture startups will likely hit a record US$20 billion this year helped by surging shipments of instrumentation and control devices and semiconductor production equipment to China and Vietnam, industry data showed Friday. The amount reached $14.7 billion for the first nine months this year, up [...]