SEJONG, Jan. 16 (Korea Bizwire) — South Korea’s exports of kimchi shot up 20 percent in 2018 from a year earlier, hitting an all-time-high of US$97.5 million, the country’s agricultural ministry said Wednesday. The Ministry of Agriculture, Food and Rural Affairs said the growth was the strongest upswing since it started compiling such data in [...]
SEOUL, Jan. 16 (Korea Bizwire) — South Korean exports of farmed seafood products grew 2.5 percent on-year to a fresh all-time high in 2018, despite a drop in output, data showed Wednesday. Overseas shipments of dried laver and other farm-raised seafood stood at US$2.38 billion last year, compared with $2.32 billion a year earlier, according [...]
SEJONG, Dec. 27 (Korea Bizwire) — South Korea’s top 10 companies accounted for 36.2 percent of the country’s exports in 2017, data showed Thursday, in the latest sign of economic domination by family-controlled conglomerates. The data compiled by Statistics Korea and the Korea Customs Service showed that the combined outbound shipments of the 10 companies [...]
SEOUL, Dec. 19 (Korea Bizwire) — Exports of instant noodles, or “ramyeon,” are sure to exceed US$400 million this year, a state food agency said Wednesday. Shipments of ramyeon totaled $385 million as of the end of November, up 11.2 percent from the same period last year, according to the Korea Agro-Fisheries & Food Trade [...]
SEOUL, Oct. 22 (Korea Bizwire) — Beauty products are becoming a very important export driver, with shipments growing by leaps and bounds, a report by a local trade promotion agency said Monday. According to the Korea Trade-Investment Promotion Agency (KOTRA), South Korea exported US$4.96 billion worth of cosmetics last year, four times more than in [...]
SEOUL, Aug. 27 (Korea Bizwire) — South Korea’s exports of petroleum products reached an all-time high in the first half of the year, thanks to robust global demand and a rise in oil prices, government data showed Monday. Outbound shipments of petroleum goods reached 260 million barrels in the January-June period, up 4.2 percent from [...]
SEOUL, Jul. 31 (Korea Bizwire) — South Korea’s exports of the traditional alcoholic beverage “makgeolli” declined nearly 5 percent in 2017, marking a drop for the sixth consecutive year as it failed to attract consumers from the United States and China, government data showed Tuesday. Outbound shipments of the Korean rice wine came to US$12.25 [...]
SEOUL, Jan. 23 (Korea Bizwire) — Exports of South Korean-made instant noodles, or “ramyeon,” surpassed the US$300 million mark for the first time ever on the back of strong popularity in China, the United States and Southeast Asian nations, government data showed Tuesday. Shipments of ramyeon reached a record high of $380 million last year, [...]
SEJONG, Sept. 1 (Korea Bizwire) — South Korea’s exports extended their double-digit growth to eight straight months in August on record shipments of semiconductors, government data showed Friday. Outbound shipments came to US$47.1 billion in the month, up from $40.1 billion tallied a year earlier, according to data compiled by the Ministry of Trade, Industry [...]
SEJONG, Aug. 23 (Korea Bizwire) — South Korea’s exports to Vietnam surged nearly 50 percent in the first seven months of 2017, customs data showed Wednesday, an increase that is likely to put the Southeast Asian country among the top three shipment destinations for locally made goods. According to Korea Customs Service, exports to Vietnam [...]