SEOUL, April 2 (Korea Bizwire) — South Korean exporting companies saved 6.6 trillion won (US$5.8 billion) due to lower tariffs in 2021 thanks to the country’s free trade agreements (FTAs) with six major economies, including the United States and the European Union, government data showed Sunday. According to the trade data compiled by the Ministry [...]
SEOUL, March 28 (Korea Bizwire) — Nearly three in 10 South Korean exporting companies have seen their financial situation worsen this year due to the coronavirus pandemic and other negatives, a poll showed Monday. The survey on 102 manufacturing exporters out of the country’s top 1,000 firms by sales showed 31.4 percent of the respondents [...]
SEOUL, Nov. 19 (Korea Bizwire) — Soaring costs of international raw materials are expected to eat into South Korean exporters’ profitability and lead to rising product prices down the road, a poll showed Friday. The survey of 100 major exporters, taken by the Korea Economic Research Institute (KERI), showed 83 percent of the respondents saying [...]
SEOUL, Jan. 15 (Korea Bizwire) — South Korea’s major export companies may have to bear a significant financial burden if the European Union (EU), the United States and China introduce a proposed carbon border tax in 2023, a Seoul bureau of environmental activist group Greenpeace said Thursday. According to a report revealed by Greenpeace Seoul, [...]
SEOUL, Nov. 8 (Korea Bizwire) — South Korean exporters are expected to suffer from sky-high freight rates throughout next year, as global trade is set to rise down the road amid the pandemic, industry watchers said Sunday. The Shanghai Containerized Freight Index, a barometer of global freight rates, came to a new high of 1,664.56 [...]
SEOUL, Sept. 10 (Korea Bizwire) — South Korean exporting companies are suffering from sky-high freight rates and a dearth of container ships, industry sources said Thursday. The Shanghai Containerized Freight Index, a barometer of global freight rates, came to 1320.8 on Friday, up a whopping 61.4 percent from the yearly low of 818.6 in April. [...]