SEOUL, Aug. 25 (Korea Bizwire) – South Korea’s exports to Vietnam have spiked over 10 percent so far this year, making it the world’s third-largest importer of South Korean goods, data showed Thursday. In the January-July period, shipments to Vietnam jumped 10.1 percent on-year to US$18.02 billion, according to the data from the Korea International [...]
CHENGDU, China, July 24 (Korea Bizwire) – South Korea’s finance minister said Sunday a bilateral free trade agreement (FTA) with the European Union (EU) should be further developed despite Britain’s recent exit from the world’s biggest economic bloc. “The South Korea-EU FTA should continue to develop despite Brexit,” Finance Minister Yoo Il-ho said. The free [...]
SEOUL, June 27 (Korea Bizwire) – South Korea launched official talks on a free trade agreement (FTA) with Israel on Monday to discuss ways to boost bilateral economic exchanges and investment, the trade ministry said. The Ministry of Trade, Industry and Energy said the first round of negotiations took place in Seoul, seven years after [...]
SEOUL, June 26 (Yonhap) – The decision by Britons to pull out of the European Union (EU) could force British law firms out of South Korea’s legal market, local sources said Sunday. Such a step will be a setback for the legal firms that have been systematically gearing up to expand their presence in the [...]
SEOUL, June 16 (Korea Bizwire) – South Korea said Wednesday that its free trade agreement with Colombia will take effect next month, a move expected to further boost bilateral trade. Colombia informed South Korea earlier in the day that it has completed the ratification process of the deal clinched in 2013, the Ministry of Trade, [...]
SEJONG, June 13 (Korea Bizwire) – South Korea will launch official talks on a bilateral trade agreement with Israel later this month to discuss ways to boost economic and investment exchanges, the trade ministry here said Monday. The Ministry of Trade, Industry and Energy said the first round of negotiations will be held on June [...]
SEOUL, May 2 (Korea Bizwire) — A market survey has revealed that cherries are becoming increasingly popular. According to Lotte Mart, cherries made up four percent of all fruits sold in 2015, holding ninth place in the rankings. Cherry sales have increased consistently over the past three years, rising from 2.3 percent market share in [...]
SEJONG, April 7 (Korea Bizwire) – Exports of dried and seasoned seaweed products have increased dramatically after they won the hearts of Chinese consumers. According to the Korea Customs Service, exports of dried and seasoned seaweed peaked in 2015, and the $224.3 million in sales was a 10.8 percent increase compared to 2014. Considering sales [...]
SEJONG, Jan. 14 (Korea Bizwire) - South Korea will make full use of its free trade agreements (FTAs) and diversify products and services it sells overseas to revive exports in 2016 after a disappointing performance a year earlier, the trade ministry said Thursday. In a 2016 policy report to President Park Geun-hye, the Ministry of Trade, [...]
SEJONG, Dec. 23 (Korea Bizwire) - Foreign direct investment (FDI) in South Korea surpassed the US$15 billion mark this year for the first time ever, driven by a free trade pact with China and more favorable business conditions, the government said Wednesday. As of Tuesday, the amount of FDI that arrived in the country reached $15.19 [...]