SEJONG, June 9 (Korea Bizwire) – An upturn in global trade and exports has been helping the South Korean economy recover to some extent, but the gains are weighed down by flaccid domestic demand, including investment and private consumption, a government report said Friday. “The South Korean economy has been on a upside cycle thanks [...]
SEJONG, June 1 (Korea Bizwire) – South Korea’s exports jumped 13.4 percent last month from a year earlier to extend their winning streak to seven months on the back of brisk overseas sales of computer chips and displays, the trade ministry said Thursday. Outbound shipments came to US$45 billion last month, up from $39.7 billion [...]
SEOUL, May 30 (Korea Bizwire) – The government plans to develop a common label that can represent all quality products made by South Korean small and medium-sized enterprises (SMEs) that can facilitate marketing for exports, officials said Tuesday. The idea is similar to the “cross” label that is used on products made by Swiss companies [...]
SEOUL, May 29 (Korea Bizwire) – The latest report from the Hyundai Research Institute has revealed that South Korea is relatively safe from economic crisis, but warns that a dependency on trade with high-risk nations must not be overlooked. The report evaluating the vulnerabilities of 26 developing economies around the world categorized the countries using [...]
SEJONG, May 26 (Korea Bizwire) – South Korea’s exports of rechargeable batteries reached a fresh record high in 2016 on rising global demand for smart devices and electric vehicles, customs data showed Friday. Outbound shipments of accumulators, such as lithium-ion batteries amounted to a record US$4.4 billion in 2016, up 11.6 percent from $3.94 billion [...]
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 [...]
SEOUL, May 17 (Korea Bizwire) – Exports of South Korean TV programs and other broadcast content at international media trade fairs amounted to $51 million, the latest government data shows. According to the Ministry of Culture, Sports and Tourism, and the Korea Creative Content Agency, local content providers inked export contracts worth $37.7 million during [...]
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 [...]
SEOUL, May 8 (Korea Bizwire) – Ginseng exports to China amounted to $9.9 million in the first quarter of 2017, which was double the figure compared to Q1 2016, according to the latest data from the Ministry of Agriculture, Food and Rural Affairs. Exports to China saw rapid growth starting in 2000, peaking at $45.61 [...]
SEJONG, May 2 (Korea Bizwire) – South Korea will simplify customs clearance process to help local exporters do business more easily in a way to give further momentum to the country’s exports which seems to have entered an upside cycle, the customs agency said Tuesday. The Korea Customs Service (KTS) said those who sell goods [...]