![[China Report] Chinese Social Commerce Industry Undergoing a Wave of Consolidation](http://koreabizwire.com/wp/wp-content/uploads/2014/03/4965550763_4ef4648794_z.jpg "[China Report] Chinese Social Commerce Industry Undergoing a Wave of Consolidation")
SEOUL, Korea, Mar 28 (Korea Bizwire) – According to data released recently by the China International Electronic Commerce Center, the number of social commerce sites closed for business since the beginning of the first social commerce site in China has been 5,376 out of total 6,246 operators. The closure rate is as high as 86 [...]
![[China Report] China’s Heavy Smog Drives Nouveau Riche out of the Country](http://koreabizwire.com/wp/wp-content/uploads/2014/03/smog-800x600.jpg "[China Report] China’s Heavy Smog Drives Nouveau Riche out of the Country")
SEOUL, Korea, Mar 22, 2014 (Korea Bizwire) – After being awakened by serious problems caused by smog, which largely originates from China, Koreans — private and public in general — are stampeding to developing new smog forecast models as part of preemptive measures to fight against the grim air pollution. Now, it is one of the [...]
![[China Report] Korea Eyes Chinese Tourists with Deep Pockets Visiting Incheon](http://koreabizwire.com/wp/wp-content/uploads/2014/03/2875827736_2224e426c6_b-800x533.jpg "[China Report] Korea Eyes Chinese Tourists with Deep Pockets Visiting Incheon")
SEOUL, Korea, Mar 20 (Korea Bizwire) – By 2018, an entertainment complex with a casino in it will be open on Yeongjong Island, which is located about 50 kilometers west of Seoul. This will be the centerpiece of Korea’s effort to attract the “youke” (Chinese tourists) based on geographical proximity. On March 18, the Ministry [...]
![[China Report] Chinese Tourists Becoming Big Spenders in Korea’s Dept Stores](http://koreabizwire.com/wp/wp-content/uploads/2014/02/2014021002708_1.jpg "[China Report] Chinese Tourists Becoming Big Spenders in Korea’s Dept Stores")
SEOUL, Korea, Feb. 12 (Korea Bizwire) – The spending power of the “youkes” (Chinese terms for tourists) was indeed impressive. During the Spring Festival (Chinese New Year) season between February 1 and 9, the number of Chinese visitors in department stores in Korea was almost three times more than the usual time, with the sales volume [...]