Outbound shipments to the ASEAN region came to 47.88 billion USD in the January-May period, up 4.3% from the same period last year, according to data compiled by the Korea International Trade Association (KITA).
Korean powdered milk export to Vietnam has risen 1.6-fold over the past decade, reaching 15 million USD last year. Lotte Wellfood, the confectionery arm of Lotte Group, has seen strong export growth, having introduced a Vietnam-specific formula product in 2019.
The Republic of Korea (RoK) will make efforts to expand economic exchanges and cooperation with Southeast Asian countries to address anticipated changes in the global trade environment after the new US administration signaled plans to implement protectionist measures, according to its Ministry of Trade, Industry and Energy.
The Ministry of Science and ICT of the Republic of Korea (RoK) said on January 16 that it will begin a five-year joint project with ASEAN worth 30 million USD to bolster digital innovation in Southeast Asia.
Speaker of the National Assembly of the Republic of Korea (RoK) Woo Won-shik has reaffirmed the country’s commitment to ASEAN-focused diplomacy and its active role in ASEAN-led mechanisms when he hosted a luncheon for diplomatic envoys from 10 ASEAN nations in Seoul on January 16.
The Republic of Korea (RoK)'s Minister of of Trade, Industry and Energy Cheong In-kyo on December 26 said that the RoK-Philippines free trade agreement (FTA), set to take effect next week, will help the country further bolster its trade portfolio and contribute to maintaining a stable supply chain.
Thailand and the Republic of Korea (RoK) on December 17 kicked off the third round of their talks for an Economic Partnership Agreement (EPA) aimed at broadening trade and investment exchanges, according to RoK's Ministry of Trade, Industry and Energy.
The Republic of Korea (RoK)’s President Yoon Suk Yeol and Malaysian Prime Minister Anwar Ibrahim agreed on November 25 to forge a strategic partnership to deepen bilateral cooperation in the defence industry, trade, energy, supply chains and other areas.
The Republic of Korea (RoK)’s Ministry of Trade, Industry, and Energy on November 25 organised a roundtable with Korean businesses operating in Vietnam to discuss strategies to respond to potential changes in US trade policies under the incoming administration of President-elected Donald Trump.
The unveiling ceremony of “Jeju Olle Trail 8 Route: ASEAN-Korea Olle” was held by the ASEAN-Korea Centre on Jeju island on November 8 to celebrate the 35th anniversary of ASEAN-Republic of Korea (RoK) dialogue relations, and the upgrading of the ties to a Comprehensive Strategic Partnership.
An international conference on "ASEAN-Korea Partnership 2024" was held in Seoul on November 7, by the ASEAN-Korea Centre (AKC) and the Korean Association of Southeast Asian Studies (KASEAS).
The Mission of the Republic of Korea (RoK) to the Association of Southeast Asian Nations (ASEAN) held a ceremony in Jakarta on November 1 to celebrate the 35th anniversary of the ASEAN - RoK dialogue relations (1989 - 2024).
Malaysia has encouraged strategic collaboration in digital transformation between the Association of Southeast Asian Nations (ASEAN) and its dialogue partners, Japan and the Republic of Korea (RoK), at the bloc's Plus One Summits in Vientiane, Laos, on October 10.
President of the Republic of Korea (RoK) Yoon Suk Yeol announced on October 10 that his country will double its cooperation funds with the Association of Southeast Asian Nations (ASEAN) to 48 million USD per annum by 2027 to support key projects in the region.
Vietnam ranks second among preferred travel destinations for travellers from the Republic of Korea (RoK) during the Mid-Autumn holidays, known as Chuseok in the East Asian nation, with a rate of 18%.
The Indonesian Government is aiming to expand exports to the Republic of Korea (RoK) through the Indonesia-Korea Comprehensive Economic Partnership Agreement (IK-CEPA), which has been in effect for the past year.
The Republic of Korea (RoK)'s Ministry of Interior and Safety (MOIS) on August 26 announced that its emergency alert app, "Emergency Ready," will now support alerts in five languages, including Vietnamese.
The Ministry of Gender Equality and Family of the Republic of Korea (RoK) has announced that it is organising a summer camp from August 12-14 for children from Korean-Vietnamese multicultural families, who are living in Vietnam.
The foreign ministers of the Republic of Korea (RoK), and the Philippines on August 7 agreed to redouble efforts toward the official elevation of their bilateral relations to a "strategic partnership" within this year, a commitment shared by the two countries' leaders, according to the RoK's Yonhap News Agency.
Korea Aerospace Industries Ltd (KAI) on August 2 announced the recruitment of 50 Vietnamese workers for small and medium-sized partners through GAET, a public enterprise under the Vietnamese Ministry of National Defence.
Korean agricultural producers will get more support to attend international trade fairs this year as a measure for them to expand exports, particularly to Southeast Asian countries, the Ministry of Agriculture, Food and Rural Affairs (MAFRA) of the Republic of Korea (RoK) said.
A growing number of financial companies of the Republic of Korea (RoK) are showing signs of extended profit in Vietnam after years of a downturn brought on by the COVID-19 pandemic, market watchers have said, elaborating that they include Woori Bank, Hanwha Life and Lotte Card.
The Republic of Korean (RoK)’s Ministry of Agriculture, Food and Rural Affairs (MAFRA) has announced that its smart farm sector is gaining momentum in penetrating the Vietnamese market, leveraging advanced technologies to expand into the Southeast Asian region.
The mass media in the Republic of Korea (RoK) has highlighted bilateral economic and trade cooperation between Vietnam and the RoK during Prime Minister Pham Minh Chinh's visit to the East Asian nation from June 30 to July 3.
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