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China Imposes Safeguard Measures against Imported Sugar

China Imposes Safeguard Measures against Imported Sugar

SEOUL, May 23 (Korea Bizwire) – China has announced a safeguard measure against imported sugar exceeding the quota for three years, a move that will hurt South Korean exporters, such as CJ Cheiljedang Corp., a leading food manufacturer, a trade promotion agency said Tuesday.  According to the Korea Trade-Investment Promotion Agency (KOTRA), China’s Ministry of [...]

China Quickly Catching up with South Korea’s Core Industries

China Quickly Catching up with South Korea’s Core Industries

SEOUL, May 10 (Korea Bizwire) – The latest analysis from the Korea Institute for Industrial Economics & Trade has revealed that China will soon catch up with the quality and technology of South Korea’s core industries, further threatening Asia’s fourth-largest economy. In the report released Monday, the institute suggested that China would close the gap [...]

S. Korean Economy on Modest Recovery Thanks to Investment, Exports

S. Korean Economy on Modest Recovery Thanks to Investment, Exports

SEJONG, April 6 (Korea Bizwire) – The South Korean economy has been seeing a modest recovery in recent months on the back of improvement in investment and exports, a state-run think tank said Thursday.  “The Korean economy continued to grow at a moderate pace on improving investment and exports,” the Korea Development Institute (KDI) said [...]

Exports of S. Korean Cosmetics Soar 10 Times in 7 Yrs

Exports of S. Korean Cosmetics Soar 10 Times in 7 Yrs

SEOUL, Feb. 22 (Korea Bizwire) – Exports of South Korea-made cosmetics soared more than 10-fold over the past seven years, government data showed Wednesday, as the Korean Wave, or Hallyu, fueled robust demand from China and other Asian countries.  Outbound shipments of makeup products reached US$4.18 billion in 2016, compared to $451.15 million tallied in [...]

Korean Cosmetics Businesses on High Alert amid THAAD Woes

Korean Cosmetics Businesses on High Alert amid THAAD Woes

SEOUL, Feb. 13 (Korea Bizwire) – China is maintaining a firm stance against South Korea’s deployment of an American THAAD missile battery, imposing a string of retaliatory measures against Korean businesses, including cosmetics companies, that have made significant progress in the Chinese market in recent years.  According to INI R&C, a Korean research firm, Chinese [...]