SEOUL, Jan. 26 (Korea Bizwire) — POSCO Chemical Co., a major South Korean producer of secondary battery materials, said Thursday it has obtained government approval for the export of its technologies related to producing cathodes, a key component used in electric vehicle (EV) cells. The decision was made earlier this month by the private-public committee [...]
SEOUL, April 26 (Korea Bizwire) — South Korean refiners posted the biggest quarterly growth in exports of their petroleum products in the first quarter from a year earlier, driven by robust fuel demand and rising oil prices amid eased COVID-19 border controls, a report showed Tuesday. The combined outbound shipments of petroleum products by SK [...]
SEOUL, Feb. 1 (Korea Bizwire) — South Korea on Tuesday signed a contract to sell K9 self-propelled howitzers to Egypt in a deal worth over 2 trillion won (US$1.65 billion), Seoul’s arms procurement agency said, marking the artillery system’s first entry into the African market. Hanwha Defense, the South Korean manufacturer, and Egypt’s defense ministry [...]
SEOUL, May 16 (Korea Bizwire) — Hyundai Motor Co., South Korea’s biggest carmaker, said Sunday it has signed a deal with the Democratic Republic of Congo to export 500 Palisade sport utility vehicles as part of its export diversification strategy. Of the 500 Palisades, Hyundai shipped 250 units to the African country on Saturday, with [...]
SEOUL, April 21 (Korea Bizwire) — Seegene Inc., a major diagnostic assay maker in South Korea, said Tuesday it has exported more than 10 million coronavirus test kits in just two months. Seegene said its Allplex novel coronavirus test kit has been sold to more than 60 countries, including the United States, Germany, Italy and [...]
SEJONG, Jan. 22 (Korea Bizwire) — South Korea’s horse racing authority said Wednesday it will beef up exports of its racing systems and diversify its trade portfolio by penetrating deeper into other Asian countries. Exports of South Korea’s horse racing systems are expected to reach 5 billion won (US$4.29 million) in 2020, vastly up from [...]
SEJONG, Jan. 22 (Korea Bizwire) — South Korea’s exports of ginseng reached a new fresh high in 2019 on the back of increased shipments to China and Vietnam, data showed Wednesday. Outbound shipments of ginseng products advanced 12.4 percent on-year to reach US$211 million in 2019, according to the data compiled by the Korea Agro-Fisheries [...]
SEJONG, Jan. 8 (Korea Bizwire) — South Korea said Wednesday it has resumed exports of persimmons to Vietnam after the two countries reached an agreement on terms over quarantine conditions. Exports of persimmons to Vietnam have been stalled since 2015 when Vietnam adopted a new quarantine regulation that called for tougher examinations for possible disease [...]
SEOUL, Dec. 5 (Korea Bizwire) — South Korea aims to become the third-largest cosmetics exporter in the world by 2022 through extensive investment in research and development (R&D) and concerted marketing efforts, the government said Thursday. The country’s makeup products are globally competitive, with growth buoyed by popularity of the Korean Wave and the growing [...]
SEOUL, Nov. 11 (Korea Bizwire) — South Korean exports of electric vehicles (EVs) more than doubled in the first 10 months of this year on brisk demand from advanced markets, data showed Monday. The country’s overseas shipments of EVs were valued at US$2.57 billion in the January-October period, up a whopping 103.3 percent from a [...]