Korea's exports of biopharmaceutical products more than doubled in 2020 from a year earlier on the back of the growing demand for pharmaceutical products amid the Covid-19 pandemic, a report showed Monday.
More than three-fourths of Korean exporters to China have suffered damage from the coronavirus pandemic, a poll showed Monday.
The meeting introduced members of the 31st board, including 15 new representatives.
The Joe Biden presidency will boost a few key Korean exports, according to a Korea International Trade Association (KITA) report Sunday.
Exports should grow 6 percent next year to reach $538.2 billion, according to the Korea International Trade Association (KITA) Wednesday, recovering from the Covid-19 pandemic and propelled by semiconductors, computers and bio pharmaceuticals.
Total trade between North Korea and China decreased 73 percent on year due to border restrictions imposed by Pyongyang amid the coronavirus pandemic. The decline is sharper than when North Korea faced a round of United Nations sanctions in 2018.
Korean companies need to diversify their Southeast Asian exports and investments toward Malaysia in a departure from their focus on Vietnam, a report said Monday.
Korea International Trade Association (KITA) signed a partnership with Wayne Hills Ventures, a Seoul-based company, to collaborate on providing video-making service for the trade association’s member companies.
Following an economic forum held in Kazakhstan last October, Korea and five countries from Central Asia established an economic council to strengthen cooperation.