There has been a 14 and 57 per cent surge in the price of beef and dairy products in the US, respectively. And because of the rise, the yearlong demand in these two categories from the foreign shores has ended.
The biggest buyers for these categories of products were South Korea, Japan and Canada. Total worth of the deal was close to 185.6 million pounds and was up from 162.4 million pounds they had last year.
As The American President Barack Obama and Mr. Lee gear up for a one-to-one meeting, the negotiators in the two parties are working very hard to ensure that the points relating to the South Korean imports of American beef and automobiles are resolved during the meet.
People close to the negotiations are of a view that if the deal between the two parties is sealed it would call for a joint conference for midday Thursday in Seoul.
While the South Korean SUV major, Ssangyong motors has been in the news for the past many days mostly because of the names of the parties that have been very much interested in buying the target company but as the race is coming to an end, two firms have already backed out.
As the race to bag the South Korea based Ssangyong motors has recently entered into the next stage, three groups including Mahindra & Mahindra Ltd have made binding offers.
Kia Motors, the second largest automobile manufacturer in South Korea, launched its brand new crossover utility vehicle, Kia Sportage.
This Kia's latest fashion would be running on DynamaxTM All-Wheel-Drive (AWD) system, a reformed AWD set-up manufactured by Magna Powertrain. Kia Sportage will hit the markets in October 2010 with a 2-liter engine, a weight reduced by 91kg and a bigger interior space.
South Korea announced its trade surplus of $5.67 billion in July, witnessing a climb for the sixth consecutive month, triggered by robust semiconductor and car exports, officials uncovered on Sunday.
The figures compiled by the Ministry of Knowledge Economy released on Sunday, claimed that the July exports figures climbed 29.6%, compared to the $41.36 billion recorded in the previous year. The figures surpassed the
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