SEOUL, Sept. 6 (Korea Bizwire) — South Korea’s exports of cathode materials have experienced significant growth, primarily driven by the rapid expansion of the secondary battery industry, especially in the electric vehicle sector. However, a substantial portion of the earnings from South Korea’s cathode material exports are flowing back to China, which supplies crucial ingredient [...]
SEOUL, Sept. 4 (Korea Bizwire) — South Korea’s exports of lipsticks are anticipated to hit a new record in 2023, the customs agency said Monday, on the back of increasing demand as people have taken off masks around the globe. The outlook came as exports of the products reached a record high of US$198 million [...]
SEOUL, Sept. 1 (Korea Bizwire) — South Korea’s exports of instant noodles jumped 17.7 percent on-year in the first seven months of 2023 to reach the highest figure for the period ever amid the growing popularity of Korean culture, data showed Friday. The country exported US$522.03 million worth of instant noodles, or “ramyeon” in Korean, [...]
SEOUL, Aug. 27 (Korea Bizwire) — South Korea’s exports of fisheries products fell more than 10 percent on-year during the first seven months of 2023, data showed Sunday. Outbound shipments of marine products came to US$1.75 billion in the January-July period, down 11.5 percent from a year earlier, according to the data by the Korea [...]
SEOUL, Aug. 7 (Korea Bizwire) — South Korea’s export of cathodes, a key secondary battery material, to the United States surged almost threefold in the first seven months from a year earlier, on growing demand for electric vehicle (EV) cells and the new U.S. law on promoting green technologies, data showed Monday. Outbound shipments of [...]
SEOUL, July 31 (Korea Bizwire) — South Korea’s exports of farm and fisheries products fell 3.8 percent on-year in the first half of the year, data showed Monday. Outbound shipments of agricultural and fisheries goods came to US$5.95 billion in the January-June period, down from $6.19 billion a year earlier, according to the data by [...]
SEOUL, July 28 (Korea Bizwire) – South Korea’s exports of ice cream reached a record high in the first half of 2023, data showed Friday, on the back of the growing popularity of Korean entertainment content across the globe. Outbound shipments of ice cream and other edible ice products reached US$59 million in the January-June [...]
SEOUL, July 21 (Korea Bizwire) — South Korea’s exports to China fell 26 percent in the first half of this year on Beijing’s falling demand for chips and display items amid a global economic slowdown, data showed Friday. Outbound shipments to China came to US$60.18 billion during the first six months of the year, compared [...]
SEOUL, July 18 (Korea Bizwire) — Exports of K-pop albums reached an all-time high in the first half of the year, with the United States surpassing China as the second-largest market for Korean music, data showed Tuesday. According to the data from the Korea Customs Service, exports of K-pop albums in the first six months [...]
SEOUL, July 17 (Korea Bizwire) — The share of South Korea in China’s total imports has been steadily declining, Beijing’s trade data showed Sunday. China’s imports from South Korea amounted to $77 billion in the first half of this year, showing a 24.9 percent decrease compared to the previous year, according to data from China’s [...]