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Vietnam Remains S. Korea’s No. 3 Trading Partner in 2023

Vietnam Remains S. Korea’s No. 3 Trading Partner in 2023

SEOUL, Feb. 5 (Korea Bizwire) — Vietnam remained South Korea’s third-largest trading partner for the second straight year in 2023 though exports to and imports from the Southeast Asian nation slowed, data showed Monday. South Korea’s trade with Vietnam came to US$79.43 billion last year, with exports sinking 12.3 percent to $53.49 billion, according to [...]

S. Korea, Vietnam Discuss Ways to Expand Ties in Trade, Carbon Neutrality

S. Korea, Vietnam Discuss Ways to Expand Ties in Trade, Carbon Neutrality

SEOUL, Oct. 24 (Korea Bizwire) — South Korea’s industry ministry said Tuesday it has discussed measures to expand cooperation in trade, carbon neutrality and other areas with Vietnam. First Vice Industry Minister Jang Young-jin met Tran Tuan Anh, who heads the Central Economic Committee of the Communist Party of Vietnam, to share ideas on ways [...]

S. Korea, Latin America to Discuss Ways to Boost Trade, ICT Cooperation

S. Korea, Latin America to Discuss Ways to Boost Trade, ICT Cooperation

SEOUL, Oct. 18 (Korea Bizwire) — Some 200 corporate and government officials from South Korea and Latin American countries will gather in Mexico this week to discuss ways to enhance bilateral trade and cooperation on advanced technology sectors and explore new business chances, Seoul’s finance ministry said Wednesday. The inaugural Korea-Latin America and the Caribbean [...]

Japan to Put S. Korea Back on Preferential Trade Partner List After 4 Years

Japan to Put S. Korea Back on Preferential Trade Partner List After 4 Years

SEOUL, June 27 (Korea Bizwire) — Japan announced a decision Tuesday to reinstate South Korea on its “white list” of trusted trading partners, about four years after the removal, in a move to improve the bilateral economic relationship, Seoul’s industry ministry said. The Japanese trade ministry revised a rule to redesignate South Korea as “Group [...]

10 Years After KORUS FTA, Bilateral Trade Soars Nearly 70 pct

10 Years After KORUS FTA, Bilateral Trade Soars Nearly 70 pct

SEOUL, March 12 (Korea Bizwire) — Trade volume of goods between South Korea and the United States grew nearly 70 percent, and bilateral investment more than doubled over the past decade since their free trade agreement, Seoul’s industry ministry said Friday. The Korea-U.S. Free Trade Agreement (KORUS FTA) marked its 10th anniversary this month, as [...]