Korea Kumho Petrochemical has begun to strengthen its forays into Turkey. The company said on April 28 it would beef up its effort to enter the Turkish market as it figures its exports would rise 130 percent from the previous year once the Korea-Turkey free trade agreement takes effect from May 1 Korea IT Times. Currently Kumho Petrochemical is selling synthetic resins including polystyrene, ABS (acrylonitrile-butadiene-styrene) resin, expanded polystyrene, and polypropylene glycol in Turkey. Last year's total export amount to the country was about 100 billion won, accounting for 3.3% of Kumho Petrochemical's total overseas sales. Once the 6.5% import duties are abolished after the FTA takes effect, the company expects the export volume to rise dramatically.
30-Apr-13 
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