SEOUL, Jan. 12 (Korea Bizwire) — South Korea’s output in the information and communication technology (ICT) industry rose 24 percent in 2021 from a year earlier to reach an all-time high, data showed Wednesday. The record-high output of US$227.6 billion comes on the back of solid global demand for chips, displays and rechargeable batteries, according [...]
SEOUL, Jan. 10 (Korea Bizwire) — South Korea’s exports of instant noodles reached an all-time high in the first 11 months of 2021 on their global popularity amid the coronavirus pandemic, data showed Monday. Asia’s fourth-largest economy exported US$607.9 million worth of instant noodles, or “ramyeon” in Korean, in the January-November period, up 10.6 percent [...]
SEOUL, Jan. 9 (Korea Bizwire) — South Korea’s exports of kimchi hit an all-time high last year thanks to its growing popularity, data showed Sunday. Outbound shipments of the spicy Korean traditional side dish came to a record US$159.9 million in 2021, resulting in a trade surplus of $19.2 million in the sector, according to [...]
SEOUL, Jan. 5 (Korea Bizwire) – South Korea’s exports of farm and fishery products surged more than 15 percent on-year to touch a new record high in 2021, government data showed Wednesday. Outbound shipments of agricultural, livestock and fisheries goods came to U$11.36 billion last year, up 15.1 percent from a year earlier, according to [...]
SEOUL, Jan. 1 (Korea Bizwire) — South Korea’s exports rose 25.8 percent in 2021 from the previous year to reach an all-time high on the back of solid demand for chips and petroleum products amid a global economic recovery, the industry ministry said Saturday. Outbound shipments stood at US$644.54 billion last year, compared with $512.5 [...]
SEOUL, Dec. 20 (Korea Bizwire) — South Korea was the world’s 9th-largest arms exporter in the 2016-2020 period, accounting for 2.7 percent of the world’s total defense exports, an annual government report showed Monday. According to the Global Defense Market Yearbook 2021 released by the Korea Research Institute for Defense Technology Planning and Advancement (KRIT), [...]
SEOUL, Dec. 20 (Korea Bizwire) — Output and exports of South Korea’s bio industry expanded at the fastest clip ever in 2020 amid the coronavirus pandemic, data showed Monday. Output of the local bio industry was estimated at 17.5 trillion won (US$14.7 billion) last year, up 38.2 percent from the previous year, according to the [...]
SEOUL, Nov. 28 (Korea Bizwire) — South Korea’s exports of agricultural and fishery goods exceeded the US$10 billion mark for the first time this year, led by the popularity of “hallyu,” the Korean wave of pop culture, data showed Sunday. Outbound shipments of foodstuffs came to $10.13 billion in the Jan. 1-Nov. 25 period, up [...]
SEOUL, Nov. 7 (Korea Bizwire) — South Korea’s exports of fishery products grew 20.5 percent on-year in the first 10 months of this year, data showed Sunday. Outbound shipments of fishery products reached US$2.24 billion during the January-October period, compared to $1.86 billion tallied a year earlier, according to the data by the Ministry of [...]
SEOUL, Oct. 26 (Korea Bizwire) — South Korean oil refiners posted the first on-year, third-quarter increase in exports in about 18 months, data showed Tuesday, on the back of reviving global demand amid an easing of COVID-19 pandemic curbs. The combined shipments of oil and petroleum products by SK Energy Co., GS Caltex Co. S-Oil [...]