import Archives | Page 2 of 4 | Be Korea-savvy
Seoul to Toughen Inspections of Waste Imports from Japan

Seoul to Toughen Inspections of Waste Imports from Japan

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 [...]

U.S. Beef Regains No. 1 Place in S. Korean Imported Beef Market: Data

U.S. Beef Regains No. 1 Place in S. Korean Imported Beef Market: Data

SEOUL, Mar. 5 (Korea Bizwire) — U.S. beef imports shot up significantly last year, beating Australian meat to regain its No. 1 status in the South Korean market for the first time in 14 years, industry data showed Monday. South Korea imported 177,000 tons of U.S. beef last year, up 13.5 percent from 156,000 tons [...]

Oil Refiners Increase Crude Imports from U.S. for Diversification of Sources

Oil Refiners Increase Crude Imports from U.S. for Diversification of Sources

SEOUL, Feb. 5 (Korea Bizwire) — South Korea’s oil refiners will continue to import more crude oil from the United States this year as they work to diversify sources away from the Middle East, industry officials said Monday. SK Energy announced it will purchase 3 million barrels of U.S. crude oil in the first quarter [...]

Golf Equipment Imports Increase Despite Anti-corruption Law

Golf Equipment Imports Increase Despite Anti-corruption Law

SEOUL, Feb. 1 (Korea Bizwire) — Imports of golf equipment increased more than 10 percent last year, customs data showed Thursday, bucking initial expectations that the popularity of the costly sport would be dampened by a new anti-corruption law. Trade figures obtained by the Ministry of Culture, Sports and Tourism from the customs agency said [...]

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 [...]