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 [...]
SEOUL, Nov. 21 (Korea Bizwire) — Sales of Korean-style corn dog, which already doubled last year, continue to rise, data showed Sunday. The state-run Korea Agro-Fisheries Trade Corp. reported that exports of frozen food products reached US$45.3 million last year, up 99.5 percent from a year earlier. Corn dog exports stood at a mere $120,000 [...]
SEOUL, Oct. 31 (Korea Bizwire) – Exports of passenger cars advanced 30.1 percent in the third quarter of the year from a year earlier, data showed Monday, on the back of growing demand for eco-friendly vehicles. Carmakers here shipped passenger cars worth a combined US$12.6 billion during the July-September period, up from $9.7 billion a [...]
SEOUL, Oct. 28 (Korea Bizwire) — South Korea’s pet product exports increased 56 percent on-year through September to set a new record, data showed Friday, as more people adopted pets to find comfort amid the COVID-19 pandemic. Outbound shipments of pet products reached US$116 million over the January-September period, surpassing $111 million posted for all [...]
SEOUL, Oct. 27 (Korea Bizwire) — Exports of petroleum products by major refiners in South Korea hit a record quarterly high of US$16.3 billion in the third quarter, helped by higher fuel prices amid prolonged supply bottlenecks stemming from Russia’s invasion of Ukraine, data showed Thursday. The outbound shipments by SK Energy Co., GS Caltex [...]
SEOUL, Oct. 7 (Korea Bizwire) — South Korea’s exports of farm and fisheries products grew 11.4 percent on-year for the first nine months of this year on solid overseas demand for Korean food, data showed Friday. Outbound shipments of agricultural and fisheries goods came to US$9.11 billion in the January-September period, representing the largest-ever tally [...]
SEOUL, Aug. 7 (Korea Bizwire) — South Korea’s exports of instant noodles hit a fresh all-time high in the first half on the increasing popularity of Korean pop culture and a rise in demand for home-cooked food amid the pandemic, data showed Sunday. Exports of instant noodles, or “ramyeon” in Korean, came to US$383.4 million [...]
SEOUL, Aug. 7 (Korea Bizwire) — Hyundai Motor Co. and its sister automaker Kia Corp. saw their combined exports of eco-friendly vehicles exceed 200,000 for the first time in the first half of this year, industry data showed Sunday. During the January-June period, the two giant carmakers in South Korea sold a combined 224,672 electric, [...]
SEOUL, Aug. 3 (Korea Bizwire) — GS Retail, the operator of GS25 convenience stores, said Wednesday exports of its craft beer products surged over 18 times between 2019 and the first half of 2022 amid a global craft beer boom. GS said its total exports of craft beer reached US$560,000 in the first six months [...]
SEOUL, Aug. 3 (Korea Bizwire) — Lotte Chilsung Co., the beverage unit of Lotte Group, said Wednesday the combined exports of its flavored soju Soonhari reached 41.9 billion won (US$32 million) between 2016 and 2021. During the period, Lotte Chilsung said it shipped Soonhari, which comes in eight different flavors, such as apple, strawberry and [...]