Korea International Trade Association Archives | Be Korea-savvy
S. Korean Businesses Voice Concerns in U.S. Over Steel Exports

S. Korean Businesses Voice Concerns in U.S. Over Steel Exports

SEOUL, April 17 (Korea Bizwire) – The head of a South Korean traders association met with deputy U.S.trade representative Jeffrey Gerrish and conveyed industry wide concerns over steel import restrictions, the organization said Tuesday. Kim Young-ju, CEO of Korea International Trade Association (KITA), said the South Korean steel industry is relieved by Washington’s move to exempt its companies from the list [...]

S. Korean Businesses Less Eager to Sponsor PyeongChang Olympics

S. Korean Businesses Less Eager to Sponsor PyeongChang Olympics

SEOUL, Nov. 23 (Korea Bizwire) – South Korea’s major business associations remain less eager to sponsor the 2018 PyeongChang Winter Olympics only two months away due to strengthened anti-corruption laws, industry insiders people said Thursday. In a meeting arranged by Lee Hee-beom, who heads the winter sports games organizing committee, the country’s six leading business lobbies have been less willing to support the winter sports games [...]

Semiconductor Exports to Exceed 90 Billion Dollars

Semiconductor Exports to Exceed 90 Billion Dollars

SEOUL, Sept. 13 (Korea Bizwire) — South Korea’s semiconductor exports are expected to exceed US$90 billion this year due to increased overseas chip demand and higher prices, an international traders organization said Wednesday. In the January-August period, outbound shipments of computer chips surged 52 percent on-year to $59.5 billion, the Korea International Trade Association (KITA) [...]

Alibaba Opens Tmall Shopping Platform in Korea

Alibaba Opens Tmall Shopping Platform in Korea

SEJONG, May 18 (Korea Bizwire) – Chinese e-commerce giant Alibaba Group on Monday opened a shopping platform in South Korea that promises local companies a chance to make headway in the world’s second-largest economy, the government said. The launch of the business-to-consumer Tmall shopping platform is aimed at selling South Koreans agricultural and manufactured goods as well [...]

S. Korean Cosmetic Products Expanding Presence in China

S. Korean Cosmetic Products Expanding Presence in China

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, [...]