SEOUL, July 31 (Korea Bizwire) — Exports of South Korean-made passenger cars plunged 40.6 percent on-year in the second quarter as the coronavirus pandemic ravaged demand, data showed Friday. Local carmakers shipped passenger cars with a combined value of US$6.2 billion during the April-June period, according to the data compiled by the Korea Customs Service [...]
SEOUL, July 22 (Korea Bizwire) — South Korea’s exports of kimchi rose sharply in the first half of the year thanks to its growing popularity, data showed Wednesday. Overseas shipments of kimchi came to 20,259 tons in the January-June period, accounting for 68.3 percent of full-year exports in 2019, according to the data from the [...]
SEOUL, July 8 (Korea Bizwire) — The value of Japan’s exports to South Korea sank to a near 11-year low in May due to the coronavirus pandemic and Tokyo’s export controls, data showed Wednesday. Japan shipped 329.3 billion yen (US$3 billion) worth of goods to its neighboring country in May, down 18 percent from a [...]
SEOUL, July 6 (Korea Bizwire) — Hyundai Motor Co., South Korea’s biggest carmaker by sales, said Monday it has shipped 10 hydrogen fuel-cell electric trucks to Switzerland in the country’s first exportation of hydrogen-powered commercial vehicles. Hyundai Motor plans to deliver 40 additional XCIENT Fuel Cell hydrogen trucks to the European country by the end [...]
SEOUL, July 2 (Korea Bizwire) — South Korea said Thursday its exports of agricultural goods and foodstuffs advanced 4.4 percent on-year in the first six months of 2020 as the global new coronavirus pandemic has sparked higher demand for processed products. The country’s outbound shipments of agricultural products and foodstuffs reached US$3.6 billion in the [...]
SEOUL, June 25 (Korea Bizwire) — Exports of the Korean staple kimchi and the instant noodle ramyeon posted double-digit growth in the February-May period from a year earlier on increased online purchases amid the new coronavirus outbreak, data showed on Thursday. In the January-May period, exports of ramyeon and kimchi jumped 36 percent and 37 [...]
SEOUL, June 24 (Korea Bizwire) — While South Korean agricultural and fisheries exports to Thailand are experiencing a downturn due to the coronavirus outbreak, Korean hot pepper paste known as “gochujang” has managed to achieve growth in recent months. The Korea Agro-Fisheries & Food Trade Corp. (aT) Thailand office reported that South Korean agricultural and [...]
SEOUL, June 17 (Korea Bizwire) — South Korea’s cosmetics-related trade surplus surpassed the 6 trillion-won mark (US$4.9 billion) for the first time in 2019, data showed Wednesday. The trade surplus of locally made beauty products came to 6.15 trillion won last year, up 12.4 percent from 5.47 trillion won tallied the previous year, according to [...]
SEOUL, June 9 (Korea Bizwire) — South Korea said Tuesday it plans to develop new ready-to-eat products utilizing local fishery goods to take advantage of the rising demand for processed food items as more people refrain from dining out amid the new coronavirus pandemic across the globe. Under the plan, the country will join forces [...]
SEOUL, June 2 (Korea Bizwire) — More than 40 South Korean companies have struck deals worth 71.6 billion won (US$58 million) with Japanese firms for the export of dried laver, the fisheries ministry said Tuesday. The deals were reached in a videoconference hosted by the Korea Fishery Trade Association and five Japanese civilian organizations on [...]