Leave the cumbersome Korean import and export procedures to us. ZhongShen International Trade handles all trade processes in our own name, solving the core challenges of foreign exchange transactions and export tax rebates. You can focus solely on the market and your clients, while we clear all procedural obstacles for you.
Recently, the latest data released by South Korea's Ministry of Trade, Industry and Energy and the Korea International Trade Association showed that in the first half of 2024, South Korea's exports of memory chips to China's Taiwan region reached $4.26 billion, a significant year-on-year increase of 225.7%. This growth rate far exceeds the 88.7% increase in South Korea's overall memory chip exports, highlighting...
A detailed analysis of the key points of the Korean governments review of MSDS, the matters that enterprises should pay attention to when submitting MSDS, and the strategies for enterprises to respond to the new review system.
The Ministry of Economy and Finance of South Korea imposed a four - month temporary anti - dumping duty on PET resin originating from China, involving many Chinese enterprises. The aim is to protect the domestic industry and it affects the trade pattern between China and South Korea.
Facing Chinas urea export restrictions, South Korea quickly adjusted its import sources. Vietnam became the largest supplier. The government supported domestic production and established a huge fund to ensure supply chain stability.
South Korean government clarifies that the complete ban on 80 categories of uncertified products through cross-border e-commerce is untrue, stating only harmful products will be restricted while emphasizing safety inspection importance.
IMF Asia-Pacific Department Director Krishna Srinivasan analyzed South Koreas economic outlook at a press briefing, predicting growth this year primarily due to strong global demand for high-end semiconductors. He also noted inflation and price volatility as challenges facing the South Korean economy.
Against the backdrop of the intensifying Sino - US technological competition, South Korea, as an important country in the semiconductor industry, faces a dilemma. As an ally of the United States, South Korea needs to cooperate with the US in implementing export controls on China; however, as a major trading partner of China, excessive restrictions may also harm its own interests. The South Korean government is striving to strike a balance, on the one hand, complying with international rules, and on the other hand, actively coordinating with all parties to safeguard its core interests.
In March 2024, South Koreas total exports increased by 3% year - on - year, achieving growth for six consecutive months. In particular, the significant growth in semiconductor exports demonstrated South Koreas core position in the global electronics product supply chain. The increase in South Koreas exports to China and the United States, as well as the enhanced competitiveness in the high - tech industry, provided a positive example for the global economic recovery.
? 2025. All Rights Reserved. Shanghai ICP No. 2023007705-2 
PSB Record: Shanghai No.31011502009912
