SEOUL, Nov. 1 (Korea Bizwire) – The Korea Trade Promotion Corporation (KOTRA) released a book titled 2017 Global Trends that Will Excite Korea (translated) on Tuesday, highlighting 12 trends to look out for in 2017. KOTRA anticipated Future Food, foodstuff that steps outside the conventional diet (such as space food); Daily Detox, finding repose in [...]
SEOUL, Nov. 1 (Korea Bizwire) – Vietnam has become the largest importer of Korean ginseng in Southeast Asia, a market that China is aggressively chasing to erode Korea’s lead, a trade group said Tuesday. According to the Ho Chi Minh office of the Korea Trade-Investment Promotion Agency (KOTRA), South Korea exported 1,362 tons of ginseng [...]
SEOUL, Aug. 24 (Korea Bizwire) – In the face of Korea’s fast growing kidult (kid + adult) market, KOTRA (Korea Trade-Investment Promotion Agency) is hosting a special exhibition from August 24 to September 14 entitled ‘Call! Bravo Life Exhibit’ at its headquarters in Seocho. The exhibition features the works of 20 small and medium-sized enterprises [...]
SEOUL, July 20 (Korea Bizwire) — South Korean firms operating in Vietnam have yet to yield profits expected of the amount of investment they have made in the emerging market, a trade report released Wednesday said. South Korean companies invested an aggregate total of US$15 billion in Vietnam as of the end of last year, [...]
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 [...]