SEOUL, Jan. 3 (Korea Bizwire) – According to recent data from the Ministry of Agriculture, Food and Rural Affairs, the average egg price in Korea is up to 2.8 times higher than in overseas markets, posing a threat to bakeries and confectioneries. The ministry compared the wholesale prices of eggs in the United States, Spain, [...]
SEJONG, Nov. 29 (Korea Bizwire) – South Korea’s imports of Iranian crude oil soared in the third quarter of this year from a year earlier following the lifting of international sanctions against the Middle East country, government data showed Tuesday. A total of 29.8 million barrels of crude oil was imported from Iran during the [...]
SEOUL, Nov. 18 (Korea Bizwire) – The latest data compiled by the Ministry of Oceans and Fisheries shows that the quantity of imported marine products has soared following new trade agreements, with the large majority coming from China. As of October, there were 25 marine product items that Korea was obliged to import with low [...]
SEOUL, Dec.28 (Korea Bizwire) – Korea turned out to be the largest buyer of weapons in 2014. According to the annual report on the sales of weapons issued by the Congressional Research Service (CRS), Korea was the largest importer last year, spending $7.8 billion on weapons. CRS is an organization under the American Library of [...]
SEOUL, Nov.23 (Korea Bizwire) – Imports of foreign beer have reached an all-time high this year. According to the Korea International Trade Association (KITA), $118 million worth of foreign beer was imported this year as of October, which already exceeds the $112 million total from last year. In 2000, total beer imports were only valued [...]
SEOUL, Oct. 15 (Korea Bizwire) - The amount of toy imports in South Korea rose to a record level in the first eight months of this year on robust demand for character robots, government data showed Thursday. The inbound shipment of kids’ toys reached a record US$444 million in the January-August period, up 6.6 percent from [...]
SEJONG, June 1 (Korea Bizwire) — South Korea’s exports dropped significantly in May from a year earlier though its trade surplus expanded as imports shrank at a faster rate, the government said Monday. In May, the country’s overall outbound shipments came to US$42.39 billion, down 10.9 percent from the same month last year. May marked [...]