SEOUL, Dec. 7 (Korea Bizwire) – South Korean exporters are bracing for growing protectionism as foreign countries are struggling to shield their local industries from a prolonged economic slowdown and surge in foreign imports, industry data showed Wednesday. According to the data compiled by the Korea International Trade Association (KITA), a total of 132 anti-dumping [...]
SEOUL, Nov. 24 (Korea Bizwire) – InssTek, a leading metal 3D printing company, said Thursday it signed an exports contract with a Russian university worth US$2.3 million. Peoples’ Friendship University of Russia will receive a customized MX Grande printing system that can produce structures with a dimension of up to 4 meters by 1 meter [...]
SEOUL, Oct. 21 (Korea Bizwire) – South Korean exports to China fell 9 percent on year last month, marking the 15th straight month of decline, data showed Friday, spawning worries that the country’s overseas shipments to the neighboring country may not recover any time soon. Shipments to China stood at US$10.96 billion in September, compared [...]
SEOUL, Oct. 14 (Korea Bizwire) – South Korea’s exports to Vietnam have more than doubled over the past five years, making it the world’s third-largest importer of South Korean products, a report said Friday, urging local exporters to turn their gaze to newly emerging markets such as Vietnam. In 2015, the country’s outbound shipments to [...]
SEJONG, Oct. 6 (Korea Bizwire) – Exports of South Korea-made instant noodles, or ramyeon, are expected to hit a record high in 2016 on the back of rising popularity in China, customs data showed Thursday. The total value of ramyeon exports stood at US$175 million in the first eight months of the year, up 26.5 [...]
SEOUL, Sept. 30 (Korea Bizwire) – North Korea’s exports of coal to China reached a record high on a monthly basis last month despite sanctions imposed following a series of nuclear and missile tests, as the reclusive nation cut prices to boost its shipment to its strongest ally, a report showed on Friday. According to [...]
SEOUL, Sept. 23 (Korea Bizwire) – South Korean companies’ exports of mobile handsets, including smartphones, to China dropped by more than 27 percent in the first eight months of the year from a year earlier amid the rising presence of Chinese rivals there, a report said Friday. According to the Institute for Information & Communications [...]
SEJONG, Sept. 13 (Korea Bizwire) – South Korea’s car exports shrank to a seven-year low in August due mainly to contracted global demand and partial strikes at local carmakers, the government said Tuesday. Outbound shipments of vehicles came to 142,987 units last month, down 18.6 percent from 175,610 units tallied a year earlier, according to [...]
SEJONG, Sept. 6 (Korea Bizwire) – Outbound shipments of South Korean beer hit a record high last year on the back of its popularity in Asian and other countries, government data showed Tuesday. The data compiled by the Korea Customs Service showed that exports of South Korean beer reached US$84.4 million in 2015, up 15.4 [...]
SEOUL, Sept. 5 (Korea Bizwire) – South Korea’s exports of clean, renewable energy products have sharply increased from a year earlier in the first seven months of the year, the trade ministry said Monday, indicating improving competitiveness of South Korean products. Outbound shipments of solar panels and other related equipment came to US$2.01 billion in [...]