SEOUL, June 10 (Korea Bizwire) — Despite its wealth of manufacturing data, South Korea lacks the standardization and integration infrastructure necessary to fully leverage industrial artificial intelligence (AI), according to a new report calling for more proactive engagement from both government and industry. In its latest publication, “AI-Driven Transformation of Korea’s Key Export Industries,” the [...]
SEOUL, March 26 (Korea Bizwire) — The Korea International Trade Association (KITA) said Wednesday it has hosted a forum themed on the reconstruction of Ukraine with business representatives from the Eastern European nation to strengthen bilateral ties in Kyiv’s postwar rebuilding efforts. The event was held Tuesday in Seoul in conjunction with a visit by [...]
SEOUL, Dec. 18 (Korea Bizwire) — The European Union (EU) has signaled a shift in its trade policy to strengthen its own industries, similar to that of the incoming U.S. administration under President-elect Donald Trump, posing challenges for export-oriented South Korean businesses, an industry report projected Wednesday. According to the report by the Korea International [...]
SEOUL, Jul. 2 (Korea Bizwire) — The Korea International Trade Association (KITA), a major South Korean business lobby, said Tuesday it has opened an office in the U.S. city of Dallas. KITA said it held an opening ceremony for the office in the major city in Texas on Monday (local time) in the presence of [...]
SEOUL, Jan. 11 (Korea Bizwire) – Samsung is the most popular employer of choice for young Chinese adults, according to the results of a survey carried out by the Shanghai branch of the Korea International Trade Association (KITA) last December. The answers given on the survey, which asked questions about working for South Korean companies, [...]
SEOUL, Jun. 27 (Korea Bizwire) — High household debt and a possible capital flight following expected U.S. rate hikes pose major risks to South Korea this year, a local think tank said Monday. In a seminar held by the Korea Economic Research Institute (KERI) in Seoul, KERI Vice President Song Won-geun said faced with downside [...]
SEOUL, May 15 (Korea Bizwire) – South Korea’s trade association said Monday it plans to dispatch a group of delegates to the United States early next month, to expand economic exchange on the private level. The delegation will be the first of its kind dispatched by the Korea International Trade Association (KITA) after the start [...]
SEOUL, Oct. 27 (Korea Bizwire) – Kmall24, an online store managed by the Korean International Trade Association (KITA) that supports direct overseas purchases online, has started aggressively targeting consumers abroad through Amazon Japan and eBay. According to the KITA, Kmall24 is the first organization that supports exports on Amazon Japan. The company registered 201 items [...]
SEOUL, Aug. 5 (Korea Bizwire) — Wine was atop the list of South Korea’s alcoholic beverage imports in the first half of this year, outpacing hard liquors for the first time, data showed Wednesday. Wine imports rose 5.5 percent on-year to US$94.43 million in the January-June period, taking up the highest share of the total [...]
SEOUL, May 18 (Korea Bizwire) — South Korean cosmetic products are expanding their presence in China on the back of the Korean Wave and competitive beauty products, becoming the second most sold in Asia’s second-ranked but fast-growing beauty market, data showed Monday. Out of $686.2 million worth of cosmetics China imported in the January-March period, [...]