SEOUL, Jan. 24 (Korea Bizwire) — Exports of South Korea’s content industry rose 16.3 percent on-year in 2020 on the back of the global popularity of Korean pop culture, despite the coronavirus pandemic, government data showed Monday. The industry’s outbound shipments stood at US$11.9 billion in 2020, compared with $10.25 billion a year earlier, according [...]
SEOUL, Jan. 23 (Korea Bizwire) — South Korean exports of red pepper paste soared nearly 63 percent in the past four years thanks to the global popularity of Korean pop culture, data showed Sunday. Overseas shipments of red pepper paste, called “gochujang” in Korean, came to US$50.93 million in 2020, up 62.6 percent compared with [...]
SEOUL, Jan. 23 (Korea Bizwire) — Exports by companies in South Korea’s free trade zones grew 89.6 percent on-year to hit an all-time high last year, the industry ministry said Sunday. Outbound shipments came to US$10.94 billion, surpassing the $10 billion mark for the first time ever, according to the data from the Ministry of [...]
SEOUL, Jan. 18 (Korea Bizwire) — Last year’s Korean Wave fever led to record-breaking kimchi exports, data showed Monday. The Korea Customs Service and the food industry reported that last year’s kimchi exports reached US$159.9 million, up by 10.7 percent from the previous year. Kimchi exports have been increasing for the past six years. In [...]
SEOUL, Jan. 12 (Korea Bizwire) — South Korea’s output in the information and communication technology (ICT) industry rose 24 percent in 2021 from a year earlier to reach an all-time high, data showed Wednesday. The record-high output of US$227.6 billion comes on the back of solid global demand for chips, displays and rechargeable batteries, according [...]
SEOUL, Jan. 10 (Korea Bizwire) — South Korea’s exports of instant noodles reached an all-time high in the first 11 months of 2021 on their global popularity amid the coronavirus pandemic, data showed Monday. Asia’s fourth-largest economy exported US$607.9 million worth of instant noodles, or “ramyeon” in Korean, in the January-November period, up 10.6 percent [...]
SEOUL, Jan. 9 (Korea Bizwire) — South Korea’s exports of kimchi hit an all-time high last year thanks to its growing popularity, data showed Sunday. Outbound shipments of the spicy Korean traditional side dish came to a record US$159.9 million in 2021, resulting in a trade surplus of $19.2 million in the sector, according to [...]
SEOUL, Jan. 5 (Korea Bizwire) – South Korea’s exports of farm and fishery products surged more than 15 percent on-year to touch a new record high in 2021, government data showed Wednesday. Outbound shipments of agricultural, livestock and fisheries goods came to U$11.36 billion last year, up 15.1 percent from a year earlier, according to [...]
SEOUL, Jan. 1 (Korea Bizwire) — South Korea’s exports rose 25.8 percent in 2021 from the previous year to reach an all-time high on the back of solid demand for chips and petroleum products amid a global economic recovery, the industry ministry said Saturday. Outbound shipments stood at US$644.54 billion last year, compared with $512.5 [...]
SEOUL, Dec. 20 (Korea Bizwire) — South Korea was the world’s 9th-largest arms exporter in the 2016-2020 period, accounting for 2.7 percent of the world’s total defense exports, an annual government report showed Monday. According to the Global Defense Market Yearbook 2021 released by the Korea Research Institute for Defense Technology Planning and Advancement (KRIT), [...]