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 [...]
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 [...]
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 [...]
SEOUL, Jun. 5 (Korea Bizwire) — The cancellation of the free trade agreement (FTA) between Seoul and Washington will be more detrimental to U.S. companies than their South Korean counterparts, a local think tank said Sunday. According to the Korea Institute for Industrial Economics and Trade (KIET), if the South Korea-U.S. pact (KORUS) is nullified [...]
SEJONG, June 1 (Korea Bizwire) – South Korea’s exports jumped 13.4 percent last month from a year earlier to extend their winning streak to seven months on the back of brisk overseas sales of computer chips and displays, the trade ministry said Thursday. Outbound shipments came to US$45 billion last month, up from $39.7 billion [...]
SEOUL, May 29 (Korea Bizwire) – The latest report from the Hyundai Research Institute has revealed that South Korea is relatively safe from economic crisis, but warns that a dependency on trade with high-risk nations must not be overlooked. The report evaluating the vulnerabilities of 26 developing economies around the world categorized the countries using [...]
SEOUL, May 4 (Korea Bizwire) — South Korea and China will both be hurt economically by the fallout caused by the deployment of the advanced U.S. missile defense system on the Korean Peninsula, a local think tank said Wednesday. According to the Hyundai Research Institute (HRI), Beijing’s retaliation against Seoul’s decision to station a Terminal [...]
WASHINGTON, March 31 (Korea Bizwire) — U.S. President Donald Trump will sign an executive order directing a comprehensive review of major sources of trade deficits, officials said, as they named South Korea one of the 16 countries the U.S. runs large deficits with. The executive order calls for the Department of Commerce and the U.S. [...]
SEOUL, March 22 (Korea Bizwire) – The South Korean economy might suffer some US$20 billion in losses in trade with China in the future, if the diplomatic dispute over Seoul’s installation of a U.S. anti-missile system further escalates, a report showed Wednesday. Tension is rising between the two countries after Beijing took aggressive steps to [...]
SEOUL, March 21 (Korea Bizwire) – Stocks of Doosan Infracore Co. traded at a yearly high Tuesday as investors scooped up the country’s leading construction equipment maker on hopes for an improved business performance. Doosan Infracore was changing hands at 10,100 won (US$9) on the Seoul bourse as of 1:30 p.m., up 1 percent from [...]