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 [...]
SEJONG, Jan. 30 (Korea Bizwire) — South Korea’s agricultural ministry said Wednesday it has won approval from its Australian counterpart to ship Korean Kyoho grapes there starting this year. The Ministry of Agriculture, Food and Rural Affairs said it has paved the way for South Korean farms to ship Kyoho grapes, which are normally larger [...]
JEONJU, Jan. 23 (Korea Bizwire) — Agricultural and fish products from North Jeolla Province have, for the very first time, surpassed US$300 million in exports last year, one-third of which were attributed to the province’s signature seaweed. North Jeolla Province reported US$318 million in agricultural and fish exports last year, which was a 41.5 percent [...]
SEJONG, Jan. 16 (Korea Bizwire) — South Korea’s exports of kimchi shot up 20 percent in 2018 from a year earlier, hitting an all-time-high of US$97.5 million, the country’s agricultural ministry said Wednesday. The Ministry of Agriculture, Food and Rural Affairs said the growth was the strongest upswing since it started compiling such data in [...]
SEOUL, Jan. 16 (Korea Bizwire) — South Korean exports of farmed seafood products grew 2.5 percent on-year to a fresh all-time high in 2018, despite a drop in output, data showed Wednesday. Overseas shipments of dried laver and other farm-raised seafood stood at US$2.38 billion last year, compared with $2.32 billion a year earlier, according [...]
SEJONG, Dec. 27 (Korea Bizwire) — South Korea’s top 10 companies accounted for 36.2 percent of the country’s exports in 2017, data showed Thursday, in the latest sign of economic domination by family-controlled conglomerates. The data compiled by Statistics Korea and the Korea Customs Service showed that the combined outbound shipments of the 10 companies [...]
SEOUL, Dec. 19 (Korea Bizwire) — Exports of instant noodles, or “ramyeon,” are sure to exceed US$400 million this year, a state food agency said Wednesday. Shipments of ramyeon totaled $385 million as of the end of November, up 11.2 percent from the same period last year, according to the Korea Agro-Fisheries & Food Trade [...]
SEOUL, Oct. 22 (Korea Bizwire) — Beauty products are becoming a very important export driver, with shipments growing by leaps and bounds, a report by a local trade promotion agency said Monday. According to the Korea Trade-Investment Promotion Agency (KOTRA), South Korea exported US$4.96 billion worth of cosmetics last year, four times more than in [...]
SEOUL, Aug. 27 (Korea Bizwire) — South Korea’s exports of petroleum products reached an all-time high in the first half of the year, thanks to robust global demand and a rise in oil prices, government data showed Monday. Outbound shipments of petroleum goods reached 260 million barrels in the January-June period, up 4.2 percent from [...]