SEOUL, Dec. 10 (Korea Bizwire) — South Korea may have been hit the hardest among major economies by the protracted trade dispute between the United States and China due to its high dependence on exports to the countries, a report said Tuesday. The U.S. and China are the world’s largest importers of South Korean products [...]
SEOUL, Oct. 20 (Korea Bizwire) — South Korea’s exports of eco-friendly cars have soared by more than 40 percent on-year in 2019, mainly on the back of the popularity of subcompact SUVs, data showed Sunday. Local carmakers exported a combined 180,933 eco-friendly autos, such as electric vehicles (EVs), during the January-September period, up 41.8 percent [...]
SEOUL, Oct. 17 (Korea Bizwire) – Korean food is infiltrating the Indian food market, where import restrictions are known to be notoriously strict. Soy milk and dried laver made in South Korea are being sold in India after passing all relevant customs and authorization procedures required in the country. Korean food was widely distributed in [...]
SEOUL, Sept. 26 (Korea Bizwire) — Convenience stores are not just bringing in foreign products, but they are also exporting offerings from their own brands. GS Retail Co., a major South Korean retailer, has joined hands with Taiwanese trading firm Tait Marketing & Distribution Co. to actively export items from the private-label brand (PB) brand [...]
SEOUL, Sept. 13 (Korea Bizwire) — South Korean beer exports to China shot up nearly four-fold in the last three years, data from a state-run trade promotion agency showed Friday. According to the Korea Trade-Investment Promotion Agency (KOTRA), beer shipments to China reached US$91 million in 2018, up 83 percent from $50 million the previous [...]
SEJONG, Sept. 4 (Korea Bizwire) — South Korea’s exports of petrochemical goods nosedived last month, data showed Wednesday, underscoring how the protracted trade dispute between the United States and China is taking a toll on key export items. Outbound shipments of petrochemical goods reached US$3.5 billion in August, falling from $4.3 billion a year earlier, [...]
SEJONG, Jul. 26 (Korea Bizwire) — At a trade fair exhibiting Korean goods in Bangkok last month, whenever a customer came to the small booth where he was promoting beauty products, Jake Choi would use his smartphone to show them a video clip as part of his sales pitch. The three-minute video includes a scene [...]
SEOUL, Jul. 16 (Korea Bizwire) — South Korea’s shipments of environment-friendly vehicles jumped an average of 33 percent per year in the past seven years on growing overseas demand, an auto business lobby group said Tuesday. Local carmakers exported 196,000 eco-friendly vehicles in 2018, surging from 35,000 units in 2012. Eco-friendly cars accounted for 8 [...]
SEOUL, Jul. 4 (Korea Bizwire) — South Korean soju and pork exports to Muslim countries, where alcohol and pork are normally forbidden, are rising. The Korea Agro-Fisheries & Food Trade Corporation (aT) reported on Wednesday that last year’s soju exports to Indonesia reached $1.3 million, a 10.1 percent increase from the previous year. Between January [...]
SEOUL, Apr. 2 (Korea Bizwire) — South Korea’s agricultural promotion agency said Tuesday that it has teamed up with a local university to find ways to preserve rice cakes for up to eight months, paving the way to expand exports. The Rural Development Administration and Kangwon National University said they have found ways to preserve [...]