SEOUL, Jan. 25 (Korea Bizwire) – South Korea’s auto exports to the United States fell for the first time in seven years last year amid concerns that the Trump administration may take protectionist measures on vehicle imports, industry data showed Wednesday. According to the data compiled by the Korea Automobile Manufacturers Association, automakers here shipped [...]
SEOUL, Jan. 18 (Korea Bizwire) – Biomedicine exports by South Korean pharmaceutical firms jumped more than 50 percent in 2016 from a year earlier to surpass the US$1 billion mark for the first time, data showed Wednesday. Outbound shipments of locally manufactured biomedicines such as vaccines and genetic recombination drugs stood at US$1.44 billion last [...]
SEOUL, Jan. 16 (Korea Bizwire) – Despite the economic, diplomatic, and political drawbacks of 2016, Korea’s content industry continued its march forward. According to the Ministry of Culture, Sports and Tourism, and the Korea Creative Content Agency, the content industry grew by 5.7 percent last year to 105.2 trillion won ($89 billion), setting an important [...]
SEOUL, Jan. 13 (Korea Bizwire) – More than half of non-trade barriers set by foreign countries against South Korea came from China, the Seoul government said Friday, stoking concerns about outbound shipments to Seoul’s largest trading partner. Out of 49 non-tariff measures against South Korean goods, Beijing accounted for 26 as of October 2016, the [...]
SEJONG, Jan. 11 (Korea Bizwire) – South Korea’s exports soared 37.8 percent in the first 10 days of this month from a year earlier to continue the recent upbeat mode, the latest customs data showed Wednesday. The country’s exports totaled US$11.64 billion during the cited period, up from $8.46 billion tallied over the same period [...]
SEOUL, Jan. 3 (Korea Bizwire) – South Korea’s exports to China increased 9.6 percent on-year last month, following a 0.4 percent gain in November, data showed Tuesday, with industry experts forecasting that outbound shipments to Seoul’s largest trading partner will stay on a recovery track down the road. South Korea’s outbound shipments to China reached [...]
SEOUL, Jan. 2 (Korea Bizwire) – Global sales of cars produced by five South Korea-based automakers shrank slightly from a year earlier in 2016 due to a decline in overseas sales that more than offset an increase in sales here, data released by the carmakers showed Monday. The combined global sales of the five automakers [...]
SEOUL, Dec. 30 (Korea Bizwire) – South Korea’s textile and garment industry is set to suffer a trade deficit for the second consecutive year in 2016 amid an influx of cheap Chinese products, industry data showed Friday. According to the data compiled by the Korea International Trade Association (KITA), the segment’s exports dipped 4.8 percent [...]
SEOUL, Dec. 26 (Korea Bizwire) – South Korean exports and output of organic light emitting diode (OLED) display panels are expected to rise next year, thanks to a strong demand for smartphones and high-definition televisions, a report showed Monday. Citing data from market researcher IHS, the report by the Institute for Information & Communications Technology [...]
SEJONG, Dec. 26 (Korea Bizwire) – South Korea’s exports to Vietnam and New Zealand rose over the past year to a large extent on the back of the implementation of bilateral free trade pacts amid sluggish global demand, latest customs data showed Monday. Outbound shipments of South Korean-made goods to Vietnam jumped 15.2 percent on-year [...]