SEOUL, May 31 (Korea Bizwire) — South Korea’s exports of agriculture tractors hit a record high in 2022 by advancing 23 percent on-year, data showed Wednesday, amid growing demand for small-sized models. The value of tractors shipped overseas came to US$1.24 billion in 2022, rising from $1 billion tallied a year earlier, according to the [...]
SEOUL, April 30 (Korea Bizwire) — South Korea recorded the biggest fall in exports to China among major exporters to the country in the first quarter, China’s trade data showed Sunday. Exports to China plunged 28 percent in the first quarter from a year earlier due mainly to a sharp decline in semiconductor shipments, the [...]
SEOUL, April 28 (Korea Bizwire) — Exports of passenger cars climbed 41 percent in the first quarter of 2023 from a year earlier to set a new record, data showed Friday, due to the robust overseas demand for eco-friendly vehicles. Carmakers in South Korea shipped passenger cars worth a combined US$15.4 billion over the January-March [...]
SEOUL, April 9 (Korea Bizwire) — South Korea’s exports of instant noodles jumped 14.3 percent on-year in the first three months of 2023 to reach the highest figure for any first quarter ever amid the growing popularity of the Korean culture, data showed Sunday. The country exported US$208 million worth of instant noodles, or “ramyeon” [...]
SEOUL, March 30 (Korea Bizwire) — South Korea’s exports of instant noodles reached an all-time high in 2022, boosted by the global popularity of Korean food and culture, data showed Thursday. The country exported US$862 million worth of noodles, including instant noodles, or “ramyeon” in Korean, and udon noodles, last year, up 12 percent from [...]
SEOUL, March 27 (Korea Bizwire) — Hitejinro Co., South Korea’s leading beverage company, said Monday its annual exports of soju hit a new record high last year, thanks to the Korean distilled liquor’s surging global popularity. Hitejinro said it posted US$120 million in soju exports last year, up 16.4 percent from a year earlier. It [...]
SEOUL, March 19 (Korea Bizwire) – South Korean exports to Japan will rise 3.5 trillion won (US$2.69 billion) this year if Seoul’s export structure to Tokyo returns to the status it had in the 2017-2018 period before a trade dispute flared up in 2019, a business lobby said Sunday. Japan accounted for 4.5 percent of [...]
SEOUL, March 3 (Korea Bizwire) — South Korea’s exports of skincare devices hit a fresh high in 2022, data showed Friday, as people around the globe spent more money on beauty products amid eased social distancing rules. Exports of skincare devices, including light-emitting diode (LED) masks and massage tools, reached US$353 million last year, up [...]
SEOUL, Feb. 9 (Korea Bizwire) — South Korea’s exports of solar panels and other related parts jumped 38 percent on-year in 2022 on the back of major nations’ push to expand renewable energy development, the industry ministry said Thursday. Outbound shipments of solar panels, solar cells, solar wafers and other items combined came to US$1.64 [...]
SEOUL, Feb. 2 (Korea Bizwire) — Singer Jay Park’s soju brand Won Soju will be available in New York by the early half of this year, the company said Thursday, as the K-pop singer aims for a global expansion of the traditional Korean liquor. Won Spirits Co., a soju brand founded by the K-pop singer [...]