SEOUL, Apr. 18 (Korea Bizwire) — Senior trade officials from South Korea and the United States discussed preparations for the upcoming three-way talks of industry chiefs with Japan, Seoul’s industry ministry said Thursday. The discussion was made as Deputy Minister for Trade Yang Byeong-nae met with officials from the U.S. Department of Commerce and the [...]
SEJONG, Mar. 27 (Korea Bizwire) – South Korea’s trade ministry said Wednesday it has discussed measures to bolster bilateral cooperation with Cambodia in areas including trade, infrastructure and carbon neutrality. Trade Minister Cheong In-kyo met Kem Sithan, the acting minister of Cambodia’s commerce ministry, in Phnom Penh to share ideas on ways to broaden economic [...]
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 [...]
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 [...]
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 [...]
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 [...]
SEOUL, May 31 (Korea Bizwire) — South Korea’s trade of computers and related goods soared nearly 40 percent to reach a new all-time high in the first four months of the year amid the coronavirus pandemic, data showed Tuesday. The country’s exports and imports of computers and peripherals stood at US$13.3 billion in the January-April [...]
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 [...]
SEOUL, Oct. 24 (Korea Bizwire) — Cargo processed at South Korean seaports advanced 8.1 percent in the third quarter of this year as trade gained traction amid the global economic recovery from the pandemic, the oceans ministry said Sunday. Cargo handled at the country’s ports came to 393.03 million tons during the July-September period, up [...]
SEOUL, Aug. 17 (Korea Bizwire) — South Korea’s exports and imports of camping goods reached a fresh high in 2020 amid the coronavirus pandemic, a report showed Tuesday. Asia’s fourth-largest economy exported and imported US$399 million worth of camping equipment last year, an all-time high and up 40 percent from the previous year, according to [...]