SEOUL, Sept. 18 (Korea Bizwire) — South Korean imports of Japanese seafood fell for the fifth consecutive month in August on concerns over Japan’s release of treated radioactive water, government data showed Monday. Seoul imported US$7.81 million worth of fishery products from the neighboring country last month, down 34.8 percent from a year earlier, according [...]
SEOUL, Sept. 14 (Korea Bizwire) — South Korea has imported urea from China normally and the domestic supply remains stable, Seoul’s industry ministry said Thursday, dismissing concerns of a shortage over some exporters’ recent cut in shipments of the industry substance. Some Chinese urea exporters announced a plan to reduce their export volume, though the South Korean [...]
SEOUL, June 16 (Korea Bizwire) — South Korea’s current ban on imports of seafood from Japan’s Fukushima area will remain in place regardless of Japan’s planned release of contaminated water from its crippled Fukushima nuclear power plant, a senior government official said Friday. South Korea has banned all seafood imports from eight Japanese prefectures near [...]
SEOUL, March 7 (Korea Bizwire) – Korea faces a slowdown in job growth due to changes in its demographic structure, which will reduce the country’s potential growth rate in the coming years. According to Park Yang-soo, head of the Bank of Korea’s Economic Research Institute, the average annual increase in the number of employed people [...]
SEOUL, Feb. 4 (Korea Bizwire) — The amount of wheat and other grains brought home by South Korean agricultural firms more than doubled in 2020 from a year earlier, data showed Thursday, in line with the country’s efforts to revamp its national food security. The combined amount of grains excluding rice imported through South Korean [...]
SEOUL, Jan. 23 (Korea Bizwire) — Beer imports in South Korea declined last year for the first time in a decade, a phenomenon not seen since the 2009 global financial crisis. Analysts say beer imports, which recently peaked in terms of growth, showed signs of falling. Adding to the symptom of decline was a boycott [...]
SEOUL, Nov. 29 (Korea Bizwire) — South Korean imports of Japanese beer tumbled more than 99 percent on-year in the past two months due to a boycott of Japanese products amid a bilateral trade row, data showed Friday. South Korea brought in Japanese beer worth US$38,000 in October, down 99.5 percent from a year earlier, [...]
SEOUL, Aug. 16 (Korea Bizwire) — South Korea will strengthen its environmental and health safety inspections for battery, tire and plastic waste imported from Japan, the government said Friday. The Ministry of Environment said it will beef up radioactive and heavy metals tests on Japanese waste batteries, tires and plastics being imported into South Korea [...]
SEJONG, Feb. 19 (Korea Bizwire) — South Korean companies imported US$101.2 million worth of Iranian crude last month, the first such move in five months, data showed Tuesday. The January figure represents less than one-fifth of $539 million, the average monthly Iranian crude oil imports for the first seven months of 2018, according to the [...]
SEOUL, Oct. 26 (Korea Bizwire) — New data shows that South Korea is one of the 10 largest importers (in terms of price) of coffee products produced in the European Union (EU). According to Eurostat, the EU’s statistics agency, the sum amount of coffee products exported from the EU to South Korea last year totaled [...]