SEOUL, May 16 (Korea Bizwire) — South Korea’s car exports grew 12.4 percent in April from the previous year on the back of global popularity of eco-friendly cars, data showed Monday. Outbound shipments of automobiles stood at 196,780 units last month, compared with 175,015 units a year earlier, according to the data from the Ministry [...]
SEOUL, April 27 (Korea Bizwire) — Hite Jinro Co., South Korea’s leading beverage company, said Wednesday exports of the traditional Korean liquor soju exceeded US$100 million last year despite the COVID-19 pandemic. The country’s soju exports jumped 36 percent to $102 million in 2021 from $748.6 billion a year earlier, the company said in a [...]
SEOUL, April 25 (Korea Bizwire) — South Korea’s exports of instant noodles soared 20 percent on-year in March on the global popularity of Korean pop culture amid the coronavirus pandemic, data showed Monday. Asia’s fourth-largest economy exported US$71.58 million worth of instant noodles, or “ramyeon” in Korean, last month, up from $59.62 million a year [...]
SEOUL, April 14 (Korea Bizwire) — South Korea’s steel pipe exports rose sharply in the first quarter of this year on the back of the hike in international oil prices and an increase in demand for liquefied natural gas (LNG). According to the Korea Iron & Steel Association, domestic steelmakers exported 445,009 tons of steel [...]
SEOUL, March 24 (Korea Bizwire) – South Korea’s exports of snacks hit a record high last year on the back of demand by stay-at-home consumers amid the COVID-19 pandemic and the popularity of the Korean pop culture, customs data showed Thursday. Exports of snacks came to an all-time high of US$466 million last year, up [...]
SEOUL, Feb. 15 (Korea Bizwire) — South Korean cars are showing outstanding performance in the Australian market. As the local economy is the recovery from the pandemic, various marketing strategies have worked in boosting imports. The Korea Automobile Manufacturers Association reported that a total of 137,547 South Korean automobiles were exported to Australia last year, [...]
SEOUL, Jan. 24 (Korea Bizwire) — Exports of South Korea’s content industry rose 16.3 percent on-year in 2020 on the back of the global popularity of Korean pop culture, despite the coronavirus pandemic, government data showed Monday. The industry’s outbound shipments stood at US$11.9 billion in 2020, compared with $10.25 billion a year earlier, according [...]
SEOUL, Jan. 23 (Korea Bizwire) — South Korean exports of red pepper paste soared nearly 63 percent in the past four years thanks to the global popularity of Korean pop culture, data showed Sunday. Overseas shipments of red pepper paste, called “gochujang” in Korean, came to US$50.93 million in 2020, up 62.6 percent compared with [...]
SEOUL, Jan. 23 (Korea Bizwire) — Exports by companies in South Korea’s free trade zones grew 89.6 percent on-year to hit an all-time high last year, the industry ministry said Sunday. Outbound shipments came to US$10.94 billion, surpassing the $10 billion mark for the first time ever, according to the data from the Ministry of [...]
SEOUL, Jan. 18 (Korea Bizwire) — Last year’s Korean Wave fever led to record-breaking kimchi exports, data showed Monday. The Korea Customs Service and the food industry reported that last year’s kimchi exports reached US$159.9 million, up by 10.7 percent from the previous year. Kimchi exports have been increasing for the past six years. In [...]