SEOUL, June 21 (Korea Bizwire) — South Korea became the world’s third-largest exporter of cosmetics products in 2020 with its trade balance in the sector remaining in the black for nine straight years, government data showed Monday. The country exported US$7.57 billion worth of cosmetics goods last year, up 16.1 percent from a year earlier, [...]
SEOUL, June 16 (Korea Bizwire) — Korean-made instant noodles, or “ramyeon” in Korean, are gaining a stronger foothold in Japan, the country that claims to have invented the world’s first instant noodle. South Korea recorded a surplus of $21.1 million in its instant noodle trade with Japan in the first four months of this year, [...]
SEOUL, June 15 (Korea Bizwire) — South Korea’s exports of strawberries rose nearly 25 percent on-year in the first five months of this year on the back of robust output and rising demand amid the pandemic, data showed Tuesday. The country’s exports of strawberries reached US$49 million in the January-May period, up 24.7 percent from [...]
SEOUL, May 31 (Korea Bizwire) — Hyundai Motor Group’s eco-friendly vehicle exports jumped 46.6 percent in the first four months of this year compared with a year earlier, led by robust demand for its electric vehicle (EVs) and hybrid models, industry data showed Monday. The combined exports of eco-friendly models by the Korean automotive group’s [...]
SEOUL, May 27 (Korea Bizwire) — South Korea’s exports of grapes shot up 35 percent on-year in 2020 to set a new record high, data showed Thursday, on the back of the growing popularity of local agricultural products overseas. Outbound shipments of grapes came to US$30.7 million in 2020, compared with $22.8 million posted a [...]
SEOUL, May 25 (Korea Bizwire) — South Korea’s exports of kimchi advanced a whopping 35 percent on-year in the first four months of 2021, data showed Tuesday, on the growing demand for healthier foodstuffs amid the new coronavirus pandemic. Outbound shipments of kimchi reached US$61.1 million over the January-April period, according to the Ministry of [...]
SEOUL, May 12 (Korea Bizwire) — Hite Jinro Co., South Korea’s second-largest beverage company, said Wednesday it has kicked off exports of its popular lager beer brand Terra. Hite Jinro said it will export the first batch of 1.2 million Terra bottles to the United States, Hong Kong and Singapore. Sales of the Terra lager [...]
SEOUL, May 5 (Korea Bizwire) — South Korea’s agricultural ministry said Wednesday it has operated 88 chartered flights to Singapore since December last year to help local strawberry farmers facing troubles in shipping their produce amid the new coronavirus pandemic. Through the agreement with Korean Air Lines Co., South Korea operated four chartered flights a [...]
SEOUL, April 27 (Korea Bizwire) — South Korean refiners’ exports fell to the lowest level in 10 years in the first quarter of the year as global oil demand remained low amid the prolonged COVID-19 pandemic, industry data showed Tuesday. Oil and petrochemical products shipped by SK Innovation Co., GS-Caltex Co., S-Oil Corp., Hyundai Oilbank [...]
SEOUL, April 25 (Korea Bizwire) — South Korea’s exports of cosmetics shot up 15 percent in 2020 from a year earlier, data showed Sunday, on the back of growing demand from the United States and Asian countries. Outbound shipments of cosmetics reached US$6.12 billion last year, according to the data compiled by the Korea Customs [...]