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 [...]
SEOUL, June 21 (Korea Bizwire) — South Korea became the world’s third-largest exporter of cosmetics products in 2020 with its trade balance in the sector remaining in the black for nine straight years, government data showed Monday. The country exported US$7.57 billion worth of cosmetics goods last year, up 16.1 percent from a year earlier, [...]
SEOUL, Aug. 4 (Korea Bizwire) — South Korean fashion firms based in Vietnam are expected to benefit from the free trade agreement (FTA) between the Southeast Asian country and the European Union, which went into effect this month, a report showed Tuesday. “Under the agreement, clothes producers based in Vietnam can enjoy the benefit of [...]
SEOUL, June 17 (Korea Bizwire) — South Korea’s cosmetics-related trade surplus surpassed the 6 trillion-won mark (US$4.9 billion) for the first time in 2019, data showed Wednesday. The trade surplus of locally made beauty products came to 6.15 trillion won last year, up 12.4 percent from 5.47 trillion won tallied the previous year, according to [...]