Search Results for: Korean

A TRADE agreement struck between Canada and South Korea this week (Tuesday March 11) has raised fears in the Canadian automobile about a potential increase in South Korean automotive exports.

Upon the agreement’s ratification (which may happen within a year), South Korea will remove all existing tariffs, including on all passenger cars and light trucks (8%) and all automotive parts (3% to 8%) exported from Canada.…

THREE of the world’s biggest marine coatings markets – China, South Korea and Japan – have a lot in common even though they face diverse market conditions across Asia, according to market analysts. China’s shipyards will power growth in the Asia-Pacific marine coatings market, but it is the major international coatings companies and their China-based joint ventures that remain in prime position to benefit, according to new research from consultancy Frost & Sullivan.  …

CANADIAN industrial mineral producers look set to benefit from a new free trade deal signed by their government with South Korea. Canada’s key potash sector is welcoming the agreement.

With South Korea being a key developed target market, lacking many mineral resources and needing to fertilize a strong agricultural sector, Canada already has a healthy industrial mineral trade with South Korea.…

The Aluminium Association of Canada has welcomed the striking of a Canada-Korea Free Trade Agreement, saying it will help its industry boost sales to South Korea.

Once the deal has been ratified (probably within a year), 98.7% of tariffs levied on metal and minerals traded between the two countries will be eliminated.…

CANADIAN meat exporters have welcomed a Canada-South Korea free trade agreement announced yesterday (March 11), saying it will boost trade and help them compete for sales in South Korea’s often wealthy markets.

“The absence of an FTA [free trade agreement] with Korea was causing substantial and growing prejudice to the Canadian pork industry due to the tariff rates since all of our key competitors in South Korea have FTAs in place,” said Jean-Guy Vincent, chair of the Canadian Pork Council.…

South Korea’s plans to drastically cut the number of university places in the country over the next decade, because of declining population rates, has caused unease and disquiet within the country’s higher education. The South Korean minister of education Seo Nam-soo has said the government plans to cut 160,000 university places by 2023.…

Lotte Confectionery is to set up a second new plant in India to manufacture Choco Pie chocolate covered cream-filled biscuits, the South Korean company’s most popular snack brand in India.

The new USD50 million unit in Rothak, Haryana province, will be ready by February 2015 and will supplement production from Lotte’s existing plants near Chennai and Nellikuppam in south India.…

TURKEY’S tobacco leaf industry enjoyed a boom year in 2013, with total tobacco production for the 2012 crop (purchased in 2013) up 52.6% to 69,348 kilogrammes (kg), according to data from Turkey’s Tobacco and Alcohol Market Regulatory Authority (Tütün ve Alkol Piyasası Düzenleme Kurumu – TAPDK).…

PLANS to open more branches of foreign universities in South Korea Incheon Free Economic Zone (IFEZ) are back on track, say managers of the development. The US-based George Mason University, and the University of Utah, and Belgium-based Ghent University, are planning to open branches at Incheon this year (2014).…

THE GOVERNMENT of South Korea is expected to announce a new corporate average fuel economy (CAFE) standard this coming year, which could increase target performance to 20km/liter, wardsauto has learnt. A senior official at the transportation energy team of the Korea Energy Management Corporation (KEMCO) expects the change to have a positive impact on the industry by encouraging manufacturers to develop more fuel efficient vehicles, including hybrids, electrics, and clean diesels.…