SEOUL, Jul. 18 (Korea Bizwire) — From instant noodles to bread and beef broth soup, Korean food is gaining interest overseas from consumers outside of the usual group of Korean residents and a handful of Korea followers, a leading trade body said Monday. South Korea’s instant noodles, ramyeon, ranks second after Taiwan in the Chinese [...]
SEOUL, March 24 (Korea Bizwire) – The ‘K-beauty’ market is expanding its sphere of influence beyond Asia, and reaching out to other global markets. According to Aju News, a Korean newspaper, Korean cosmetics brands are exploring new markets worldwide. As the global interest in K-pop and K-dramas is rising, women all over the world are now looking [...]
SEOUL, Jan.25 (Korea Bizwire) – The Korean Trade Promotion Corporation (KOTRA) announced that it published a report on ‘99 Innovative Products of the World’, which introduces innovative products produced by various small and medium-sized companies all over the world. One of the most noticeable products is ‘Strati’, a 3D-printed electric car, which will be manufactured [...]
SEOUL, Oct. 16 (Korea Bizwire) – South Korea’s exports are expected to continue to decline in the remainder of the year amid low oil prices and a slowing Chinese economy, a poll showed Friday. The country’s leading export sentiment index came to 48.6 for the October-December period, down 3.3 points from the previous quarter, according [...]
SEOUL, Sept. 15 (Korea Bizwire) — South Korea’s exports to Vietnam have jumped this year despite a slump in other overseas markets, industry data showed Tuesday, prompting local firms to rush to strengthen business ties with their Southeast Asian counterparts. In the first seven months of the year, exports to Vietnam surged 29.9 percent on-year, emerging [...]
SEOUL, Aug. 18 (Korea Bizwire) – In partnership with Japanese investment companies, domestic startup businesses are hoping to target the Japanese market. KOTRA, the Korea Trade Promotion Corporation, signed an agreement with startup businesses and Japanese venture capital firms (VCs) as part of its ‘Startup Growth’ initiative. ‘Startup Growth’ is a program that connects overseas [...]
SEOUL, July 15 (Korea Bizwire) — A specialized education curriculum for companies seeking to enter Islamic markets is set to open for the first time in Korea. KOTRA, the Korean Trade Promotion Corporation, announced that they would be opening the ‘Halal Insight’ program from July 22 to 24. The Korea Institute of Halal Industries will [...]
SEOUL, Jun. 18 (Korea Bizwire) — Vietnam is attracting attention from international processed-coffee makers for its potential to be a significant player in the processed-coffee export market. The Vietnamese government is determined to increase, before 2030, the nation’s share of processed coffee production among its coffee products to 25 percent, according to a KOTRA trade [...]
BEIJING, May 21 (Korea Bizwire) — South Korea was ranked as the second-most popular destination for Chinese Internet users buying high-quality goods via cross-border e-commerce platforms, a survey showed Thursday. The survey, conducted by a Chinese research institute named i-research and commissioned by the Chinese unit of South Korea’s Korea Trade and Investment Promotion Agency [...]
SEOUL, Nov.20 (Korea Bizwire) – Ha Ji-won, Korea’s actress, appeared in a charity event held by Operation Smile, an international medical assistance organization specializing in cleft lip and palate repair surgeries, in Vietnam to celebrate its presence in the Southeast Asian country for 25 years. In a press conference and opening gala show held at Lotte Hanoi [...]