News
Exports of Korean cosmetics more than triple over 5 yrs
Exports of Korea-made cosmetics more than tripled over the past five years as the Korean Wave, or Hallyu, fueled robust demand from China and other Asian countries, customs data showed Tuesday. Outbound shipments of makeup products reached US$2.45 billion in ... Read More
Korean seafood exports edge up 1.5% in Q1
Exports of Korean seafood edged up 1.5 percent in the first three months of 2016 from a year earlier on brisk demand from the United States and China, the maritime ministry said Tuesday. The country's outbound shipments of fish, shellfish ... Read More
10th Round of FTA Talks with China, Japan Opens in Seoul
The tenth round of working-level talks on a trilateral free trade agreement among South Korea, China and Japan will open in Seoul from Tuesday. The Ministry of Trade, Industry and Energy said Monday that key concerns of the trade pact, ... Read More
Largest Muslim Tourist Group to Visit S. Korea
A large Muslim tourist group will visit South Korea next week. According to the Muslim tourism agency Jane Tour & DMC on Tuesday, 200 employees of the Malaysian branch of Zhulian, an international distributor of consumer items, will arrive in ... Read More
Samsung takes up 68% of curved-monitor market
Samsung Electronics accounted for 68 percent of the global curved-monitor market in the fourth quarter last year, data showed Monday, amid the soaring demand from Internet cafes in China. According to the data compiled by Taiwan-based industry tracker WitsView, the ... Read More
Businesses of Local Bars at Their Worst Level
Recent data shows that owners of bars and other local pubs in South Korea are experiencing their worst business conditions in years due to the sluggish economy. According to Statistics Korea Monday, the service production index of bars and restaurants specializing in ... Read More
US Alerts S. Korea on E-commerce Trade Barriers
The United States Trade Representative(USTR) is expected to raise concerns related to information protection in electronic commerce and market regulations in the legal services sector to South Korea this year. In its 2016 National Trade Estimate Report on Foreign Trade Barriers, the USTR took ... Read More