SEOUL, Jan. 29 (Korea Bizwire) — South Korean oil refiners’ exports hit a record-high level in 2022, data showed Sunday, on the back of soaring global energy prices amid the protracted war between Russia and Ukraine. The combined exports of local oil refiners reached US$57 billion in 2022, up 71.2 percent from a year earlier, [...]
SEOUL, Jan. 24 (Korea Bizwire) — Exports of soju, South Korea’s traditional distilled liquor, increased 13.2 percent in 2022 from a year earlier, data showed Tuesday, rebounding for the first time in three years. Outbound shipments of soju reached US$93.3 million in 2022, rising sharply from $82.4 million tallied a year earlier, according to the [...]
JEJU, Jan. 20 (Korea Bizwire) — Agricultural products from Jeju Island are being exported to the United Arab Emirates. The Jeju Business Agency said Thursday that it had recently exported US$15,000 worth of Hallabong citrus, Red Hyang tangerines and other processed foods to the UAE. Made-in-Jeju products that are being exported will be merchandised at [...]
SEOUL, Jan. 16 (Korea Bizwire) — South Korea’s exports of K-pop albums hit a fresh high last year, data showed Monday, as limitations caused by the COVID-19 pandemic continued to push up demand for physical albums. K-pop album exports hit US$233.113 million in 2022, up 5.6 percent from a year ago, according to import and [...]
SEOUL, Jan. 12 (Korea Bizwire) — South Korea’s exports of information and communication technology (ICT) products hit a fresh high last year on strong overseas demand for chips and mobile phones, data showed Thursday. Outbound shipments of ICT products rose 2.5 percent on-year to US$233.3 billion for 2022, outnumbering the previous high of $227.6 billion [...]
SEOUL, Jan. 2 (Korea Bizwire) — South Korea’s exports of farm and fisheries products reached an all-time high last year, surpassing the US$10 billion mark for the second consecutive year, data showed Monday. Outbound shipments of agricultural and fisheries goods rose 5.45 percent on-year to come to a record high of $11.98 billion in 2022, [...]
SEOUL, Dec. 9 (Korea Bizwire) — South Korea was the world’s eighth-largest arms exporter in the 2017-2021 period, accounting for nearly 3 percent of the world’s total defense exports, an annual government report showed Friday. According to the Global Defense Market Yearbook 2022 released by the Korea Research Institute for Defense Technology Planning and Advancement, [...]
SEOUL, Dec. 8 (Korea Bizwire) — The first export batch of K2 battle tanks and K9 self-propelled howitzers has arrived in Poland. The Polish Ministry of Defense announced on Tuesday (local time) that it held a delivery ceremony for 10 units of K2 Black Panther tanks and 24 units of K9 howitzer at a Navy [...]
SEOUL, Dec. 4 (Korea Bizwire) — South Korea’s exports of agricultural and food products jumped to touch a new record high in the first 11 months of this year, government data showed Sunday. Outbound shipments of agricultural and food goods came to US$8.08 billion in the January-November period, up 4 percent from the same period [...]
SEOUL, Dec. 4 (Korea Bizwire) — South Korea is experiencing sluggish exports and record trade deficit over a global economic slowdown, and intertwined challenges both at home and abroad further dimmed prospects for a turnaround anytime soon, experts said Sunday. The country’s exports fell 14 percent on-year to come to US$51.91 billion in November, the [...]