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Top Customs Officials of S. Korea, China Meet To Enhance Cooperation

SEOUL, July 10 (Korea Bizwire) — Korea Customs Service (KCS) Commissioner Ko Kwang-hyo met with his Chinese counterpart in Seoul on Thursday and discussed areas of cooperation, the KCS said. The two sides shared information on recent attempts to smuggle illegal and dangerous goods, and agreed on the need to resume the countries’ bilateral talks [...]

Overseas direct purchases by S. Koreans reach new high in 2014: report

SEJONG, Jan. 25 (Korea Bizwire) — Overseas direct purchases made by South Koreans reached an all-time annual high of US$1.54 billion in 2014, as consumers sought better bargains and a wider choice of products, the customs service said Friday. The total represents a 39 percent increase compared to $1.04 billion brought in from abroad in [...]