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Seoul-Tokyo Relations at Risk After Japan’s Retaliatory Step

Seoul-Tokyo Relations at Risk After Japan’s Retaliatory Step

SEOUL, Jul. 19 (Korea Bizwire) — Amid a tentative truce in the U.S.-China trade war, another potentially calamitous conflict is looming between two other key players in the global economy and regional security — South Korea and Japan — with trade weaponized as well. Often prickly Seoul-Tokyo relations are at the worst level since the [...]

South Korean Imports Show Moderate Strength as Overall Trade Continues to Contract

South Korean Imports Show Moderate Strength as Overall Trade Continues to Contract

SEOUL, SOUTH KOREA, Jul. 9 (Korea Bizwire) – South Korea’s trade outlook retains some cause for optimism despite continued deceleration both air and ocean trade, according to latest data from the DHL Global Trade Barometer. The DHL Global Trade Barometer, an early indicator of global trade developments calculated using Artificial Intelligence and Big Data, suggests [...]

Despite Increasing Trade Tensions Business Confidence in Asia Pacific Remains High

Despite Increasing Trade Tensions Business Confidence in Asia Pacific Remains High

PORT MORESBY, Papua New Guinea, Nov. 15 (Korea Bizwire) —  Business leaders across Asia Pacific remain confident that their companies revenues will grow over the next 12 months despite increasing trade frictions. In its latest survey of 1189 business leaders across the 21 Asia-Pacific Economic Cooperation (APEC) economies, PwC found that 35% were very confident [...]

South Korea’s Tech Boom to Spur on Growth, DHL Trade Data Suggests

South Korea’s Tech Boom to Spur on Growth, DHL Trade Data Suggests

SEOUL, Feb. 6 (Korea Bizwire) - South Korea’s high-tech industry — a powerhouse of both innovation and export production — will add fire to the country’s trade growth in the coming quarter, according to analysis from the Global Trade Barometer released today by DHL, the world’s leading logistics company. The first ever Global Trade Barometer, an [...]

Vietnam among Top Three Destinations for S. Korean Exports in First Seven Months of ’17

Vietnam among Top Three Destinations for S. Korean Exports in First Seven Months of ’17

SEJONG, Aug. 23 (Korea Bizwire) — South Korea’s exports to Vietnam surged nearly 50 percent in the first seven months of 2017, customs data showed Wednesday, an increase that is likely to put the Southeast Asian country among the top three shipment destinations for locally made goods. According to Korea Customs Service, exports to Vietnam [...]

S. Korean Firms Face Protectionism in Major Markets: KITA

S. Korean Firms Face Protectionism in Major Markets: KITA

SEOUL, Jun. 13 (Korea Bizwire) — South Korean companies are increasingly facing protectionist measures in major export markets such as the United States and China, the state trade promotion agency said Monday. A total of 30 countries have taken import restrictive measures against South Korean-made products, largely steel and metal goods, or have engaged in [...]