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Japanese Tobacco Maker Unaffected by Boycott Movement

Japanese Tobacco Maker Unaffected by Boycott Movement

SEOUL, July 30 (Korea Bizwire) — Despite the boycott movement against Japanese products marking its first year after being sparked by Japan’s export restrictions against South Korea, consumption of Japanese cigarettes has remained more or less unaffected. The Korea Customs Service reported that South Korea imported 4,220.6 tons of cigarettes from the Philippines between July [...]

S. Korean Imports from Japan Drop Following Japanese Export Restrictions

S. Korean Imports from Japan Drop Following Japanese Export Restrictions

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 [...]

Cement Industry Steps Up Efforts to Replace Japanese Coal Ash

Cement Industry Steps Up Efforts to Replace Japanese Coal Ash

SEOUL, June 29 (Korea Bizwire) — South Korea’s cement industry has launched a drive to reduce the use of Japanese coal ash, while accelerating efforts to develop technology that can promote the use of domestically-made alternatives. The Korea Cement Association announced on Thursday that it will launch a project to develop process technology and facilities [...]

Court Begins Process to Sell Assets of Japanese Firm Involved in Wartime Forced Labor

Court Begins Process to Sell Assets of Japanese Firm Involved in Wartime Forced Labor

SEOUL, June 4 (Korea Bizwire) — A local court has decided to begin a legal procedure that could lead to liquidating seized assets of a Japanese firm that has ignored a ruling to compensate Korean victims of Japan’s wartime forced labor. According to the legal representatives for four Korean plaintiffs Wednesday, the Pohang branch of [...]

Korean Companies Turn Japanese Export Restrictions into Opportunity

Korean Companies Turn Japanese Export Restrictions into Opportunity

SEOUL, March 26 (Korea Bizwire) – South Korean companies that embarked on domestic production of hydrogen fluoride after Japan’s export restriction last year have recorded satisfactory performance. It is seen as an exemplary case where companies, both large and small, and the government joined hands to turn the crisis into opportunity. Soulbrain Co., a South [...]