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 [...]
SEOUL, May 28 (Korea Bizwire) — South Korea’s exports of cosmetics grew at the slowest pace in eight years in 2019 amid a litany of unfavorable external factors, industry data showed Thursday. Overseas shipments of cosmetics stood at US$6.49 billion last year, up 3.6 percent from a year earlier, according to the data from the [...]
SEOUL, May 27 (Korea Bizwire) – The South Korean government plans to put various systems developed to fight the coronavirus into packages available for export. The Ministry of Land, Infrastructure and Transport (MOLIT) and other agencies plan to organize a task force to export various K-quarantine technologies in the face of worldwide demand. The government [...]