South Korea

In the first quarter of this year, Korea’s exports to the United States exceeded those to China for the first time since the second quarter of 2003.

The United Kingdom and South Korea are set to begin discussions on a new, comprehensive trade deal aimed at amplifying bilateral trade.  South Korea, the world’s 13th largest economy, is… read more →

Britain and South Korea have decided to prolong the duration of minimal or zero tariffs on mutual trade involving goods with components from the European Union, according to an announcement… read more →

South Korea is set to permit offshore companies to apply for trading rights in its local currency market starting next month. This move is part of the country’s ongoing efforts… read more →

The finance ministry of South Korea announced on Monday that it will allocate up to 181 trillion won (equivalent to $137 billion) in low-interest loans for exporters through the end… read more →

Today, the OECD released their International Trade Statistics report for Q2 2023. The report offers an insight into the global trade landscape, highlighting significant shifts and trends. With a decline in G20 merchandise trade and a marked slowdown in services trade, the report paints a complex picture of international commerce. 

Today, Japan declared its decision to reinstate South Korea as a preferred nation with fast-track trade status, effectively ending a prolonged four-year economic row that had exacerbated their bitter historical… read more →

South Korea has formally restored Japan to its list of countries it gives preferential treatment in trade, three years after the neighbours downgraded each other’s trade status amid a diplomatic… read more →

UK Export Finance (UKEF) today announces it has appointed its first International Export Finance Executive (IEFE) for South Korea. With £4 billion of funding on offer to buyers, provided they… read more →

Twenty years ago Asia had a 12% share of the global factoring market. Today that share is 25%.

In this article, FCI’s Lin Hui looks at factoring’s two decades of steady growth in Asia, and where the industry goes from here…

UK exporters sealed over £70 million in sales to South Korea during 2021, with the help of trade shows backed by the UK government. British-made products ranging from hydrogen fuel… read more →

Singapore has become the first country to ratify the Regional Comprehensive Economic Partnership (RCEP), with plans to implement the accord on the 1st January 2022.

The first half of 2021 should be similar to the year 2020, marked by the strongest global recession since the end of the Second World War.

In contrast to the stance taken under the Trump administration, the US trade representative’s office has expressed support for Dr Ngozi Okonjo-Iweala

TFG heard from Andreas Tesch of Atradius on the status of credit insurance market in Asia and the key initiatives taken in response to Covid-19’s impact on Asian trade.