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Fate of S. Korea-Japan military pact in doubt amid escalating export row

Fate of S. Korea-Japan military pact in doubt amid escalating export row

A rancorous diplomatic spat between South Korea and Japan is casting doubts over the fate of a military intelligence-sharing pact seen as a rare symbol of their trust and a key platform for trilateral security cooperation involving the United States. The tussle that started from a simmering row over Japan’s wartime forced labor has been […]

S. Korea embraces deepening trade row as Japan considers additional measures

S. Korea embraces deepening trade row as Japan considers additional measures

Trade tensions between South Korea and Japan are escalating as Tokyo seems to be preparing to expand the scope of its export controls beyond high-tech materials to a wide spectrum of areas, which could disrupt the global supply chain, industry watchers said Monday. Japan began applying stricter export rules on South Korea for three key […]

Uzbekistan to boost car production, export

Uzbekistan to boost car production, export

Uzbekistan is to increase the production of cars from the current 250,000 to 350,000 units by 2023 and to boost export to at least 100,000 cars. Joint Stock Company “Uzavtosanoat” was given the task during a meeting chaired by Uzbekistan President Shavkat Mirziyoyev to discuss the development of the automobile industry. Uzbekistan’s automobile industry has […]

South Korea: cellphone exports fall to 16-year low

South Korea: cellphone exports fall to 16-year low

Korea’s exports of mobile phones hit a 16-year low in 2018 after falling 23.2 percent year-on-year amid mounting competition from Chinese phone makers, data showed Sunday. Cellphones have been a major export item along with semiconductors. But the business has suffered a continued decline because of the slow global smartphone market and increased offshore production […]

China’s service trade hit a record high in the first half of 2018

China’s service trade hit a record high in the first half of 2018

China’s service trade maintained a stable and rapid growth in the first half of 2018, according to the Department of Trade Services and Commercial Services under China’s Ministry of Commerce (MOFCOM) on Aug. 7. The country’s service trade hits a record high in the first 6 months this year with further optimized trade structure, as […]

Russian export to ASEAN market will rise to 10% by 2020

Russian export to ASEAN market will rise to 10% by 2020

Pyotr Fradkov, Chief Executive Officer of the Russian Export Center said that the center forecasts Russian export to ASEAN countries will grow from 1.5% to 10% by 2020. “Now we have 1.5% on the market but I believe 10% will be a decent share. It’s fairly achievable by 2020,” he said in an interview with […]

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