SEOUL, Dec. 7 (Korea Bizwire) — South Korea’s imports of Japanese beer spiked in October from a year earlier due to stepped-up marketing activities amid a weaker local boycott of goods from the neighboring country, data showed Monday. Seoul brought in US$370,000 worth of Japanese beer in October, up a whopping 873.7 percent from the [...]
SEOUL, Sept. 24 (Korea Bizwire) — South Korea’s wine imports rose more than 9 percent in the first eight months of the year as more people enjoyed drinking at home and alone due to the coronavirus outbreak, data showed Thursday. South Korea imported US$189 million worth of wines in the January-August period, up 9.5 percent [...]
SEOUL, Sept. 21 (Korea Bizwire) — With the number of people losing hair increasing rapidly – particularly among the youth – in China, the nation’s imports of hair loss products from South Korea recently shot up. According to the Shenyang Office of the Korea Trade-Investment Promotion Agency (KOTRA), China’s imports of hair loss prevention products [...]
SEOUL, Aug. 10 (Korea Bizwire) — South Korea’s imports of Japanese consumer goods sank more than 23 percent in July amid a boycott stemming from a bilateral trade dispute, government data showed Monday. Seoul brought in consumer goods worth US$253 million in July, down 23.4 percent from a year earlier, according to the preliminary data [...]
SEOUL, July 27 (Korea Bizwire) — The South Korean economy’s dependence on Japan has been on a downward trend since Japan imposed export restrictions against South Korea in July 2019, the country’s leading business lobby group said Sunday. The share of imports from Japan among overall South Korean imports fell from 9.8 percent in Q1 [...]
SEOUL, July 20 (Korea Bizwire) — As the South Korean government continues to distribute solar panels and other renewable energy platforms, Chinese manufacturers are bolstering their offensive in the South Korean market for solar panels. The Korea International Trade Association reported that imports of Chinese solar modules in January to June period this year reached [...]
SEOUL, July 19 (Korea Bizwire) — South Korean imports of beer fell for the first time last year in a decade, largely on a nationwide boycott of Japanese products amid a yearlong trade dispute, data showed Sunday. Imports of beer stood at 360,000 tons in 2019, down 7.2 percent from 387,000 tons a year earlier, [...]
SEOUL, June 24 (Korea Bizwire) — The government has announced its intention to import green hydrogen from abroad within the next 10 years. The Ministry of Trade, Industry and Energy signed a memorandum of understanding (MOU) at Lotte Hotel in Seoul on Tuesday with about 30 companies and organizations to establish a supply network for [...]
SEOUL, June 3 (Korea Bizwire) — South Korea on Wednesday approved the use of remdesivir as a treatment drug for the new coronavirus, paving the way for inbound shipments of the new drug for the first time. The Ministry of Food and Drug Safety said it has decided to allow special imports of the drug [...]
SEOUL, March 9 (Korea Bizwire) — The United States accounted for more than half of the South Korean market for imported beef last year, data showed Monday, widening the gap with its top rival, Australia. South Korea imported 235,716 tons of U.S. beef in 2019, 53 percent of the total beef imports, according to the [...]