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S. Korea to increase more shipping services amid freight price hike


By Kang Yoon-seung
SEOUL, April 27 (Yonhap) South Korea said Tuesday it will strengthen support to exporters facing a hike in freight costs by increasing marine shipping services amid the recovery of global trade from the new coronavirus pandemic.
Under the plan, South Korea plans to add two new scheduled services for the route to the Americas per month to cope with a shortage in shipping, according to the Ministry of Trade, Industry and Energy.
The government plans to add more ships for routes to Europe and Southeast Asia depending on the market s demand. South Korea deployed a ship heading to Europe the previous day. ....

Soult Ukpyolsi , South Korea , South Korean , Kang Yoon Seung , Korea Ocean Business Corp , Southeast Asia , Korea Ocean Business , Shanghai Containerized Freight Index , தெற்கு கொரியா , தெற்கு கொரியன் , காங் யூன் சீங் , கொரியா கடல் வணிக கார்ப் , தென்கிழக்கு ஆசியா , கொரியா கடல் வணிக ,

S. Korea, UAE to expand ties for post-pandemic recovery


By Kang Yoon-seung
SEOUL, April 8 (Yonhap) South Korea and the United Arab Emirates (UAE) on Thursday agreed to expand cooperation in the emerging industries, including the green energy segment, to better prepare for the post-pandemic economic recovery, and expand mutual trade and investment.
Trade Minister Yoo Myung-hee held a virtual meeting with her UAE partner Thani Al Zeyoudi to discuss ways to speed up bilateral cooperation, according to the Ministry of Trade, Industry and Energy.
The ministers said the two countries have been making significant progress in building stronger ties, citing the successful commercial operation of the first reactor at the Barakah plant in the UAE, constructed by South Korean companies. ....

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S. Korea, Malaysia agree to expand economic ties


By Kang Yoon-seung
SEOUL, April 1 (Yonhap) Top trade officials from South Korea and Malaysia on Thursday agreed to expand bilateral exchanges to overcome the economic fallout from the new coronavirus pandemic, while joining hands to tap deeper into emerging industries, including eco-friendly automobiles and renewable energy.
Seoul s Trade Minister Yoo Myung-hee met her Malaysian counterpart Mohamed Azmin bin Ali in Seoul, exchanging opinions on a wide array of bilateral issues, according to the Ministry of Trade, Industry, and Energy.
During the meeting, the two countries vowed to expand cooperation in future growth engines, such as rechargeable batteries or solar energy parts. ....

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S. Korea-Central America FTA set for full implementation in March


By Kang Yoon-seung
SEOUL, Feb. 25 (Yonhap) South Korea said Thursday its free trade agreement (FTA) with a group of Central American nations will be fully implemented starting next month as Panama completed its domestic procedures.
Asia s No. 4 economy signed the trade pact with five Central American nations Costa Rica, El Salvador, Panama, Honduras and Nicaragua in 2018.
The deal partially went into effect in 2019.
South Korea s FTA with Honduras and Nicaragua went into effect in October 2019, followed by Costa Rica in November. The deal with El Salvador also officially kicked off in January last year.
Under the agreement, South Korea and the Central American countries will immediately or gradually lift tariffs on more than 95 percent of traded products. ....

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