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Government Targets Diesel Cars to Cut Down on Air Pollution, but Environmental Report Points to China as Main Culprit

Government Targets Diesel Cars to Cut Down on Air Pollution, but Environmental Report Points to China as Main Culprit

Seoul, Oct. 19 (Korea Bizwire) – In a bid to cut down on air pollution, the Ministry of Environment announced October 18 that revisions to the enforcement strictures of the Clean Air Conservation Act will be implemented. The revisions will require select categories of newly manufactured diesel vehicles starting at the beginning of next year [...]

Off Broadway Show ‘Nanta’ Faces Unexpected Obstacle, Seeks Breakthrough Abroad

Off Broadway Show ‘Nanta’ Faces Unexpected Obstacle, Seeks Breakthrough Abroad

SEOUL, Oct. 19 (Korea Bizwire) — A recent turn of events caught musical producer Song Seung-whan off guard. The creator of “Cookin’ Nanta,” one of the country’s most successful, longest-running theatrical shows, never imagined he would, decades later, face his biggest challenge ever in the least expected area: diplomacy and security. Last week, PMC Production, [...]

Doosan Infracore Posts Brisk Sales in Chinese Market

Doosan Infracore Posts Brisk Sales in Chinese Market

SEOUL, Oct. 16 (Korea Bizwire) — Doosan Infracore Co., South Korea’s top construction equipment maker, continued to expand its presence in China’s excavator market, as the world’s No. 2 economy increased spending on infrastructure, industry sources said Monday. According to observers, Doosan Infracore sold a total of 718 excavators in China last month, more than [...]

Duty-free Shops Still Reeling from THAAD Impact

Duty-free Shops Still Reeling from THAAD Impact

SEOUL, Oct. 16 (Korea Bizwire) — South Korean duty-free shops are still smarting from China’s retaliation against Seoul over the deployment of a U.S. defense shield here with their profitability worsening despite rising sales, industry sources said Sunday. In mid-March, China banned the sale of group tours to Seoul in retaliation against the installation of [...]

Sigma Designs Names New Z-Wave Certification Test House in China

Sigma Designs Names New Z-Wave Certification Test House in China

FREMONT, Calif., Oct. 9 (Korea Bizwire) — Sigma Designs® (NASDAQ:SIGM), a leading provider of intelligent system-on-chip (SoC) solutions for Connected Smart TV platforms and Smart home IoT, today announces the Institute of Digital Guangdong (IDG) will serve as a new Z-Wave Certification Test House in China, to expand certification testing capabilities in Asia. Z-Wave Certification [...]

Motion to Dismiss Filed by Property Owner to Defeat Government’s Forfeiture of Warehouse

Motion to Dismiss Filed by Property Owner to Defeat Government’s Forfeiture of Warehouse

ONTARIO, Calif., Oct. 3 (Korea Bizwire) — Today, the owner of a Fontana, California warehouse filed a motion to dismiss a property forfeiture action filed by the government on September 14. The Fontana warehouse is one of four warehouses the government claims are subject to forfeiture because they were used to store aluminum pallets imported [...]

Consumer Sentiment Drops in September on Geopolitical Concerns with China and North Korea

Consumer Sentiment Drops in September on Geopolitical Concerns with China and North Korea

SEOUL, Sept. 26 (Korea Bizwire) — South Korea’s consumer confidence fell for the second month in a row in September on the North Korea risk and Seoul’s row with Beijing over a missile defense system, a central bank poll showed Tuesday. The composite consumer sentiment index for September stood at 107.7, down 2.2 points from [...]

Sky9 Capital Led a $5 Million Series A+ Round in China Social E-Commerce Platform Home, Inc.

Sky9 Capital Led a $5 Million Series A+ Round in China Social E-Commerce Platform Home, Inc.

HONG KONG, Sept. 25 (Korea Bizwire) — Home Inc., a social e-commerce platform for the home furnishing industry, recently announced the completion of a $5 million Series A+ round of financing led by Sky9 Capital with participation from existing investor Capital Today. Home Inc. is a leading social e-commerce platform for furniture and home furnishings [...]