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 [...]
SEOUL, July 29 (Korea Bizwire) — Exports of South Korean-made passenger cars expanded 2.5 percent in the first half of the year, thanks mainly to brisk overseas demand for green cars, data showed Friday. Local carmakers shipped passenger cars worth a combined US$22.3 billion during the January-June period, up from $21.7 billion a year earlier, [...]
SEOUL, July 28 (Korea Bizwire) — Hyundai Rotem Co., South Korea’s sole tank manufacturer, said Thursday it has signed an initial deal to export 1,000 units of the K2 tank to Poland. Hyundai Rotem is in talks with the Polish government to finalize the details of the deal, including the production site and the time [...]
SEOUL, July 28 (Korea Bizwire) — Korea Aerospace Industries (KAI), South Korea’s sole aircraft maker, has signed a basic US$3 billion deal with Poland to export 48 FA-50 light attack fighters, its officials said Thursday. The largest FA-50 export deal was part of the “framework contracts” that the Polish government inked the previous day to [...]
SEOUL, July 26 (Korea Bizwire) — South Korea’s exports of ice cream reached an all-time high in the first half of this year, data showed Tuesday, amid a global heat wave and the growing popularity of Korean culture. Overseas shipments of South Korean-made ice-cream products came to US$50 million in the January-June period, up 14 [...]
SEOUL, July 26 (Korea Bizwire) — The exports of petroleum products by major refiners in South Korea hit a record high of US$27.95 billion in the first half of this year on the back of higher oil prices and strong demand recovery amid eased COVID-19 restrictions, data showed Tuesday. The outbound shipments by SK Energy [...]
SEOUL, July 25 (Korea Bizwire) — South Korea’s exports of fisheries products touched a fresh high in the first half of this year thanks to brisk overseas demand, data showed Monday. Outbound shipments of fisheries goods reached US$1.71 billion during the January-June period, according to the data by the Korea Agro-Fisheries & Food Trade Corp. [...]
SEOUL, July 11 (Korea Bizwire) — Eco-friendly vehicles accounted for more than 30 percent of South Korea’s total car exports in the first five months of the year on strong overseas demand and the debut of two major electric vehicles made by local automakers in the U.S. market, data showed Monday. The value of exported [...]
SEOUL, July 7 (Korea Bizwire) — South Korea’s cosmetic exports posted a record-high amount, surpassing the 10 trillion-won mark for the first time in history, data showed Thursday. According to the Ministry of Food and Drug Safety, South Korea’s cosmetic exports grew 21.3 percent from the previous year and reached 10.5 trillion won (US$8.1 billion). [...]