According to the Korea Customs Service on Tuesday, kimchi is likely to enjoy a trade surplus by the end of this year. Kimchi exports rose 13.8 percent year-on-year to $111.5 million in the first eight months of this year.
Korea's trade ministry on Wednesday called for the members of the World Trade Organization (WTO) to hold discussions to prevent global environmental regulations, including Europe's new carbon policy, from hindering global free trade.
The importation of three materials restricted for export to Korea by Japan has not dropped much, but overall trade between the two countries has declined.
Exports increased 16.7 percent on year to a record $55.8 billion in September, according to the Ministry of Trade, Industry and Energy. It is the 11th consecutive month of on-year growth and the longest winning streak since 2018.
New Korean Trade Minister Yeo Han-koo said he asked Washington to offer the same investment incentives to Korean companies that it offers its own.
Korea said Thursday it plans to invest 42.4 billion won ($35.8 million) through 2023 to develop core technologies for hydrogen-powered trams.
The new trade minister said Korea must move beyond past trade policies, which emphasized compromise, toward a trade policy that focuses on building the nation’s wealth.
Korea recorded $55.4 billion in monthly exports in July, the highest ever thanks to economies worldwide recovering from the Covid-19 pandemic, the Ministry of Trade, Industry and Energy said Sunday. According to the ministry, exports last month ...
With new infections spreading to other regions, all non-capital areas will ban gatherings of more than four people from Monday.
It seemed that talks between North Korea and the US would soon begin in the Biden Administration, but it has been stalled for more than five months. There were expectations that there would be movements once the North Korea Policy Review was...