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 [...]
SEOUL, Dec. 23 (Korea Bizwire) – South Korea’s exports through e-commerce platforms have increased sharply this year, apparently helped by the government’s policy support, data showed Friday. Outbound shipments via the Internet and other e-commerce sites totaled US$985 million in the first 11 months, according to the Korea Customs Service (KCS). The volume is projected [...]
SEOUL, Dec. 22 (Korea Bizwire) – Exports by South Korea’s venture firms jumped over 21 percent from a year earlier last month, a local trade organization said Thursday, marking the first double-digit growth in over a year and possibly heralding an imminent improvement in the country’s overall exports. According to the Korea International Trade Association [...]
SEOUL, Dec. 16 (Korea Bizwire) – December 20 will mark the first anniversary of the day that the Korea-China free trade agreement took effect. Although exports of Korean products that had their tariffs lowered thanks to the FTA gradually increased over the year, local industries have yet to take full advantage of the deal. According [...]
SEJONG, Dec. 14 (Korea Bizwire) – The number of overseas restaurants, bakeries and cafeterias run by South Korean companies jumped 17.6 percent on-year in 2016 on their efforts to expand overseas business, government data showed Wednesday. A total of 188 firms operated 5,476 stores in 50 countries as of end-2016, up from 4,656 overseas shops [...]
SEOUL, Dec. 12 (Korea Bizwire) – South Korean exports of its pop culture products have been on the wane in recent months, central bank data showed Monday, as major importer China seems to be toughening regulations due apparently to Seoul’s decision to deploy a U.S. missile defense system on the Korean Peninsula. According to the [...]
SEOUL, Dec. 8 (Korea Bizwire) – Annual exports from South Korea’s health care businesses are forecast to reach US$10 billion in 2016, the Ministry of Health and Welfare said Thursday. Outbound shipments of locally manufactured medicines, medical equipment and cosmetics products are expected to total $9.8 billion by the end of this year, up 19.1 [...]
SEOUL, Dec. 7 (Korea Bizwire) – Possible trade friction between the United States and China could deal a blow to South Korea’s exports, a report said Wednesday. There are concerns that U.S. President-elect Donald Trump’s looming protectionist policies could spark trade friction between the world’s two biggest economies. Trump has said he would instruct his [...]
SEOUL, Dec. 7 (Korea Bizwire) – The turnaround in South Korea’s exports is expected to continue at a steady pace next year, helped by moderate growth in the world economy, according to forecasts by foreign investment banks on Wednesday. Solid growth in emerging markets and a sustained rise in commodity prices are likely to increase [...]