SEJONG, April 22 (Korea Bizwire) — South Korea’s exports of coronavirus test kits jumped on-year in the first 20 days of this month, data showed Wednesday. Exports of test kits stood at US$131.9 million in the 20-day period, compared with $7.25 million for the same period last year, according to the data from the Korea [...]
SEOUL, April 22 (Korea Bizwire) — South Korea’s exports of beauty products to Russia jumped nearly ninefold in 2019 from five years earlier on the back of the growing popularity of Korean pop culture, data showed Wednesday. South Korea’s exports of beauty products to Russia reached US$137.3 million in 2019, up from $15.5 million posted [...]
SEOUL, April 16 (Korea Bizwire) — South Korea’s exports of high-end consumer goods to Southeast Asia has increased sharply since 2010, data showed Thursday, led mostly by their strong demands for cosmetic goods. The country’s exports of high-end consumer goods, which include beauty and fashion items, along with luxury goods, to Singapore have been expanding [...]
SEOUL, April 14 (Korea Bizwire) — Exports of Korean cultural products, including computer games, music, tour programs and cosmetics, soared 22.4 percent last year from a year earlier thanks to the global ascent of Korean culture, a report showed Tuesday. According to the report on the 2019 economic effects of hallyu, or the Korean Wave, [...]
SEOUL, April 14 (Korea Bizwire) — A shipment of South Korean-made coronavirus test kits will depart for the United States early Wednesday, officials said, under arrangements made after U.S. President Donald Trump asked for medical supplies during a phone call with President Moon Jae-in last month, Two South Korean test kit makers have signed contracts [...]
SEOUL, April 8 (Korea Bizwire) — Three South Korean companies have inked contracts with the U.S. government to export coronavirus test kits, with shipments likely to take place next week, a foreign ministry official said Wednesday. The companies won interim approval last month from the U.S. Food and Drug Administration for the exports, after U.S. [...]
SEOUL, April 8 (Korea Bizwire) — South Korea’s exports of gold surged to over a seven-year high in February as demand for safer assets increased amid a market rout triggered by the new coronavirus, the Bank of Korea (BOK) said Wednesday. Outbound shipments of gold for non-monetary use came to some US$290 million in the [...]
SEOUL, April 6 (Korea Bizwire) — South Korea said Monday it will expand the size of its free-trade zones to provide more leeway to businesses in line with efforts to boost slowing exports amid the global virus pandemic. Under the plan, the size of the free trade zone of Incheon International Airport, the main gateway [...]
SEOUL, April 5 (Korea Bizwire) — Exports of sanitary goods such as hand sanitizers and coronavirus test kits surged last month in line with growing demand from overseas for such Korean-made goods, data showed on Sunday. According to the data compiled by the trade ministry, outbound shipments of hand sanitizers surged sevenfold to reach US$5.69 [...]
SEOUL, March 28 (Korea Bizwire) — South Korea has put the United States, the United Arab Emirates and Indonesia on its priority list for exporting quarantine supplies, such as coronavirus test kits, a Seoul official said Friday, as nearly 120 countries seek to secure the products manufactured here. The foreign ministry official made the remarks [...]