import Archives | Be Korea-savvy
Imports of E-cigarettes Rose Sharply since Conventional Tobacco Tax Hike in 2015: Data

Imports of E-cigarettes Rose Sharply since Conventional Tobacco Tax Hike in 2015: Data

SEOUL, Oct. 10 (Korea Bizwire) — Imports of electronic cigarettes more than doubled after the government raised taxes on conventional tobacco in 2015 to discourage smoking, government data showed Tuesday. Industry sources attribute the sharp rise to smokers switching to e-cigarettes which are exempted from higher taxes. The government increased taxes on cigarettes by 2,000 [...]

Imports Account for 30 Pct of Manufactured Goods in Korea

Imports Account for 30 Pct of Manufactured Goods in Korea

SEJONG, Sept. 9 (Korea Bizwire) – About 30 percent of manufactured goods consumed by South Koreans in their daily lives were imported from abroad in this year’s second quarter on rising demand for foreign electronic devices and pharmaceuticals, latest data showed Friday.  Out of the total domestic manufacturing supply, including intermediate and consumer goods, foreign-made [...]

Kimchi Originator Country Korea Hit by Falling Consumption, Imports

Kimchi Originator Country Korea Hit by Falling Consumption, Imports

SEOUL, July 6 (Korea Bizwire) – South Korea’s kimchi consumption is falling, despite the country being the originator of the pickled side dish, and even those being served on dining tables are often imports from China, research results showed Wednesday.  According to an industry analysis by the World Institute of Kimchi in Seoul, South Koreans on [...]

Korea Reinforces Crackdown on Directly Imported Products

Korea Reinforces Crackdown on Directly Imported Products

SEJONG, May 11 (Korea Bizwire) – The Korea Customs Service (KCS) is reinforcing its crackdown on directly imported goods, with unsanitary food as its main target. The practice of purchasing foreign products (also known as overseas direct purchasing) through e-commerce websites such as Amazon has become commonplace among Koreans over the past few years. The KCS [...]

S. Korea’s Chocolate Imports Hit Record High in 2015

S. Korea’s Chocolate Imports Hit Record High in 2015

SEOUL, Feb. 15 (Korea Bizwire) – South Korea’s imports of chocolate edged up on-year to an all-time high in 2015 amid its growing popularity among local consumers, official data showed Sunday. The country imported 31,066 tons of chocolate and chocolate confectionery last year, up 1.3 percent from the previous year and the highest amount ever, [...]