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Measures to promote consumer goods exports announced.

The Ministry of Trade, Industry and Energy announced on March 24 its plan to promote consumer goods as a new driver of export growth, which takes advantage of the growing popularity of the Korean pop culture and growing emerging markets. The government plans to step up marketing support for consumer goods companies by helping companies participate in trade fairs overseas and enter overseas markets. Large exhibitions promoting Korean food, beauty products and fashion will be held this year in China and Brazil. Other measures include lowering nontariff barriers, cracking down on counterfeit goods and providing loans to promising consumer goods companies.

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Title Annotation:Economic News Briefing
Publication:Economic Bulletin (Korea)
Article Type:Brief article
Geographic Code:9SOUT
Date:Apr 1, 2016
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