China export curbs
Scope
Date
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Shipping & Shipbuilding
Korea reclaims top spot in global shipbuilding orders in February
South Korean shipbuilders reclaimed the global No. 1 position in new orders last month for the first time since October 2023, according to data by U...
Mar 06, 2024 (Gmt+09:00)
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Economy
S.Korea’s GNI per capita rebounds in 2023 as won stabilizes
South Korea’s gross national income (GNI) per capita rebounded last year as the won currency stabilized amid signs of a recovery in exports fr...
Mar 05, 2024 (Gmt+09:00)
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Food & Beverage
S.Korean ramyun exports increase by 40% in January
South Korea's ramyun(instant noodles) exports increased 39.4% year-over-year to $86 million in January, according to the Korea Customs Service. Th...
Feb 29, 2024 (Gmt+09:00)
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Korean SMEs
S.Korean boiler firms expand exports
Despite a global economic slowdown, South Korea's overseas exports of boilers and water heaters increased 4.9% year over year by $478.3 million in 2...
Feb 27, 2024 (Gmt+09:00)
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Energy
S.Korea to up the ante on small modular reactor foundry business
South Korea will nurture the small modular reactor (SMR) foundry business to revive the country’s nuclear power industry by rolling back the p...
Feb 22, 2024 (Gmt+09:00)
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Automobiles
Korea’s HL Mando launches auto parts JV with China’s Tianrun
HL Mando Corp., an electric vehicle and self-driving system developing unit of South Korea’s HL Group, said on Thursday it has launched an aut...
Feb 22, 2024 (Gmt+09:00)
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Batteries
LG Energy expedites LFP battery supply chain expansion
LG Energy Solution Ltd., the world’s second-largest electric vehicle battery maker, has secured enough lithium iron phosphate (LFP) cathode ma...
Feb 22, 2024 (Gmt+09:00)
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Aerospace & Defense
HD Hyundai, Babcock to co-develop submarine for export
South Korea's HD Hyundai Heavy Industries Co. announced on Wednesday that it will collaborate with the UK-based renowned defense company Babcock Int...
Feb 21, 2024 (Gmt+09:00)
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Korean startups
KT to participate in MWC 2024 with five Korean startup partners
South Korea’s KT Corp. announced on Tuesday that it will participate in the world's largest mobile exhibition MWC 2024 to be held in Barcelona...
Feb 20, 2024 (Gmt+09:00)
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Economy
South Korea tightens export controls to Russia, Belarus
South Korea will halt shipments of nearly 700 additional items, including rechargeable batteries, heavy equipment and cars with 2,000 and larger-lit...
Feb 20, 2024 (Gmt+09:00)
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Automobiles
S.Korean used cars flow into Russia via Central Asia
Used cars from South Korea are being funneled into Russia via Kazakhstan and Kyrgyzstan, according to automobile industry sources on Friday. These...
Feb 16, 2024 (Gmt+09:00)
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Automobiles
South Korea's car exports to US hit record high in 2023
South Korea’s car exports to the US surged 44.6% on-year to a record high of $32.2 billion in 2023, making up the lion’s share of South ...
Feb 16, 2024 (Gmt+09:00)
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Electric vehicles
China’s BYD to enter South Korea’s passenger electric car market
China’s BYD Co., the world’s largest electric vehicle maker, is set to enter South Korea’s passenger EV market, setting off alarm ...
Feb 12, 2024 (Gmt+09:00)
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Aerospace & Defense
LIG Nex1 inks $3.2 bn missile defense deal with Saudi Arabia
South Korea's major defense system developer LIG Nex1 Co. has clinched a $3.2 billion deal to export its latest missile interceptor to Saudi Arabia,...
Feb 07, 2024 (Gmt+09:00)
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Economy
South Korea’s Exports Get off to Strong Start in 2024
South Korea’s exports got off to a strong start this year, with shipment growth accelerating in January amid solid demand for semiconductors...
Feb 07, 2024 (Gmt+09:00)
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Aerospace & Defense
LIG Nex1, Hyundai Rotem to team up for Middle East export
South Korea's major defense maker LIG Nex1 Co. announced on Tuesday that it has signed a memorandum of understanding (MOU) with Hyundai Rotem Co. to...
Feb 06, 2024 (Gmt+09:00)
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Food & Beverage
Paldo to export halal-certified sikhye to Indonesia
South Korea’s food and beverage company Paldo will export the halal-certified Birak Sikhye to Indonesia, according to the company on Tuesday. ...
Feb 06, 2024 (Gmt+09:00)
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Shipping & Shipbuilding
Hyundai Glovis, KOBC sign deal for car carriers
Hyundai Glovis Co. and Korea Ocean Business Corporation (KOBC) announced on Monday that they will sign a business agreement on Feb. 6. related to ...
Feb 05, 2024 (Gmt+09:00)
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Aerospace & Defense
KAI sees record-high earings in 2023
Korea Aerospace Industries Ltd. (KAI), the country’s sole military aircraft manufacturer, posted record revenue last year, boosted by the ex...
Feb 02, 2024 (Gmt+09:00)
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Economy
S.Korea’s 2024 exports get off to strong start on China, semiconductors
South Korea’s exports, the country’s main growth driver, got off to a robust start in January, buoyed by a rebound in semiconductor ship...
Feb 01, 2024 (Gmt+09:00)
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Beauty & Cosmetics
Amorepacific's profit halves on weak sales in China; shares drop
South Korean cosmetics giant Amorepacific Group's stock closed at 3,400 won ($2.6) on Wednesday, down 12.1% after the group announced disappointing ...
Jan 31, 2024 (Gmt+09:00)
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Food & Beverage
Lotte Wellfood to produce Pepero in India
South Korea's Lotte Wellfood Co. announced on Wednesday that it plans to build a Pepero production line in India. Pepero is a thin cookie stick with...
Jan 31, 2024 (Gmt+09:00)
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Retail
Korean convenience stores push exports of own brand products
South Korean convenience store chains are accelerating exports of food products under their private brands as the domestic market competition is int...
Jan 30, 2024 (Gmt+09:00)
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Electric vehicles
Hyundai, BAIC join hands to develop China-only EV brand
BEIJING – Hyundai Motor Co. has joined hands with Beijing Motor Corp. (BAIC) to debut a new electric vehicle brand specifically tailored to Ch...
Jan 29, 2024 (Gmt+09:00)
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Electronics
Baidu’s AI Ernie to power Samsung Galaxy S24 in China
Samsung Electronics Co.'s latest smartphone series Galaxy S24 to be released in China will feature Baidu Inc.’s Ernie Bot artificial intellige...
Jan 29, 2024 (Gmt+09:00)
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Batteries
EcoPro hits first 100,000 tons export in high-nickel cathode material
South Korean battery materials manufacturer EcoPro Co. announced on Monday that it achieved a significant milestone last year by exporting over 100,...
Jan 29, 2024 (Gmt+09:00)
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Aerospace & Defense
Korea unveils next-gen howitzer plans for defense exports
South Korea introduced plans for the development of next-generation self-propelled howitzers to its existing customers as the country aims to foster...
Jan 26, 2024 (Gmt+09:00)
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Korean stock market
Global X to liquidate China-exposed ETFs on poor returns
Global X ETFs, the New York-based provider of exchange-traded funds, will liquidate 19 ETFs, including 11 China-exposed funds, next month to stop th...
Jan 23, 2024 (Gmt+09:00)
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Bio & Pharma
Celltrion to export three anticancer drugs to Europe
South Korea’s Celltrion Inc. announced on Thursday that it has secured supply contracts for three anticancer biosimilars in European countries...
Jan 18, 2024 (Gmt+09:00)
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Steel
Korean steelmakers mull anti-dumping suit vs Chinese, Japanese firms
Under growing pressure from increased imports of cheap Chinese and Japanese steel products, South Korean steelmakers are considering filing an anti-...
Jan 17, 2024 (Gmt+09:00)
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