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 [...]
SEJONG, Mar. 20 (Korea Bizwire) — The Foundation of Agricultural Technology Commercialization and Transfer announced on Tuesday it is now exporting ‘smart farm packages’ comprised of the equipment, materials, and plants needed for starting a smart farm, to Kazakhstan, Uzbekistan, and other Central Asian countries. The foundation signed a 4.7 billion won (US$4.2 million) deal [...]
SEOUL, Feb. 19 (Korea Bizwire) — South Korea’s steel exports to the United States last year, regulated by a quota, fell more than those by key rivals China and Japan that were subject to higher tariffs, analyzed data indicated Tuesday. According to the analysis by the Washington office of the Korea Trade-Investment Promotion Agency (KOTRA), [...]
SEOUL, Feb. 1 (Korea Bizwire) — South Korea’s exports moved down 5.8 percent in January from a year earlier, government data showed Friday, due mainly to weaker performances by chips and petrochemical goods. Outbound shipments came to US$46.3 billion for January, down from $49.2 billion posted a year earlier, according to the data compiled by [...]