SEOUL, Sept. 27 (Korea Bizwire) — With U.S. President Donald Trump continuing to push to implement policies to export liquefied natural gas (LNG), South Korea was found to be the largest importer of American LNG this year. According to a recent report released by the U.S. Energy Information Administration (EIA), the total amount of LNG [...]
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 [...]
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 [...]
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 [...]
SEOUL, Dec. 5 (Korea Bizwire) — South Korea’s beer imports in the first nine months of this year soared 50.1 percent from the same period in 2016 amid changes in the country’s drinking culture, data showed Tuesday. Beer imports from January through September came to US$201.68 million, according to the data from the Korea International [...]
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 [...]
SEJONG, Feb. 23 (Korea Bizwire) – South Korea’s seafood imports rose for the third straight year in 2016 on rising demand for healthier food and ingredients, government data showed Thursday. The total value of imported seafood reached US$4.79 billion in 2016, up 5.2 percent from a year earlier, according to the data compiled by the [...]
SEOUL, Feb. 15 (Korea Bizwire) – The import of Norwegian seafood in South Korea surged last year due largely to increased demand for mackerel, a report said Wednesday. The inbound shipments of seafood from Norway reached 292.8 billion won (US$256.6 million) in 2016, up 73 percent from the previous year, according to the Norwegian Seafood [...]
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 [...]
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 [...]