SEOUL, Aug. 18 (Korea Bizwire) – Smaller startup and emerging companies are boosting their shipments abroad despite a prolonged downturn in Korea’s export sector. According to the Korea International Trade Association (KITA), while Korea’s total exports from January to July 2016 decreased by 10.1 percent compared to the same period last year, exports by emerging [...]
SEJONG, Aug. 8 (Korea Bizwire) – South Korea opened a business center on Monday to help local firms expand trade and investment in Iran as part of its efforts to tap deeper into the Middle East country following the lifting of international sanctions, the trade ministry here said. Located in southern Seoul, the center will [...]
CHENGDU, China, July 24 (Korea Bizwire) – South Korea’s finance minister said Sunday a bilateral free trade agreement (FTA) with the European Union (EU) should be further developed despite Britain’s recent exit from the world’s biggest economic bloc. “The South Korea-EU FTA should continue to develop despite Brexit,” Finance Minister Yoo Il-ho said. The free [...]
SEOUL, July 20 (Korea Bizwire) — South Korean firms operating in Vietnam have yet to yield profits expected of the amount of investment they have made in the emerging market, a trade report released Wednesday said. South Korean companies invested an aggregate total of US$15 billion in Vietnam as of the end of last year, [...]
SEOUL, June 16 (Korea Bizwire) – South Korea said Wednesday that its free trade agreement with Colombia will take effect next month, a move expected to further boost bilateral trade. Colombia informed South Korea earlier in the day that it has completed the ratification process of the deal clinched in 2013, the Ministry of Trade, [...]
SEJONG, June 13 (Korea Bizwire) – South Korea will launch official talks on a bilateral trade agreement with Israel later this month to discuss ways to boost economic and investment exchanges, the trade ministry here said Monday. The Ministry of Trade, Industry and Energy said the first round of negotiations will be held on June [...]
SEJONG, Feb.1 (Korea Bizwire) - North Korea’s trade with China dipped nearly 15 percent last year apparently due to a chilly bilateral relationship between the two neighboring countries, a report showed Sunday. The North-China trade volume reached US$4.9 billion in the January-November period, down 14.8 percent from $5.76 billion a year earlier, marking the first double-digit [...]
SEOUL, Dec. 4 (Korea Bizwire) - The ratification of a free trade pact with China will give hope to South Korean exporters struggling to expand market presence abroad, the country’s top economic policymaker said Friday. Chairing a fiscal policy meeting in Seoul, Finance Minister Choi Kyung-hwan said that the free trade agreement (FTA) approved by the [...]
SEOUL, Dec. 2 (Korea Bizwire) - South Korea’s trade surplus in the ICT segment outpaced those of members of the Organization for Economic Cooperation and Development (OECD) in the first half, data showed Wednesday, posting robust performances despite the global economic slump. According to the data compiled by the Institute for Information & Communications Technology Promotion, [...]
SEOUL/SEJONG, Nov. 30 (Korea Bizwire) – The ratification of the free trade pact with China is expected to breathe new life into South Korea’s sagging exports and fuel the country’s growth, local observers said Monday. The bilateral free trade agreement (FTA), signed on June 1 and now passed by the National Assembly, will make South [...]