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No. of Foreign Residents in S. Korea More than Doubles in Decade

No. of Foreign Residents in S. Korea More than Doubles in Decade

SEOUL, Jun. 22 (Korea Bizwire) — The number of foreign residents in South Korea has more than doubled over the past decade, with Vietnamese nationals accounting for the largest portion after China as of last year, government data showed Wednesday. The number of non-Korean citizens totaled 2.05 million as of end-December 2016, up from 910,000 [...]

Advanced Energy Receives Supplier Excellence Award from China Semiconductor Customer NAURA Technology Group Co. Ltd.

Advanced Energy Receives Supplier Excellence Award from China Semiconductor Customer NAURA Technology Group Co. Ltd.

FORT COLLINS, Colo., Jun. 14 (Korea Bizwire) — Advanced Energy Industries, Inc. (Nasdaq:AEIS), a global leader in precision power conversion, announced today that the company was recognized as an elite semiconductor manufacturing supplier with an excellence award from NAURA Technology Group Co., Ltd. (Naura). A large wafer processing equipment provider to the semiconductor industry, Naura [...]

Mega-hit Mobile Game ‘Yin Yang-sha’ to Land in S. Korea

Mega-hit Mobile Game ‘Yin Yang-sha’ to Land in S. Korea

SEOUL, Jun. 14 (Korea Bizwire) — Kakao Games Corp., a game company under Kakao Corp., which operates South Korea’s most-used mobile messenger KakaoTalk, unveiled the highly anticipated mobile game “Onmyoji for kakao” on Tuesday, with the official launch date set for August. The Korean version of the role-playing game — with over 200 million downloads [...]

S. Korean Firms Face Protectionism in Major Markets: KITA

S. Korean Firms Face Protectionism in Major Markets: KITA

SEOUL, Jun. 13 (Korea Bizwire) — South Korean companies are increasingly facing protectionist measures in major export markets such as the United States and China, the state trade promotion agency said Monday. A total of 30 countries have taken import restrictive measures against South Korean-made products, largely steel and metal goods, or have engaged in [...]

China Urges N. Korea to Not Escalate Tensions After Missile Launch

China Urges N. Korea to Not Escalate Tensions After Missile Launch

BEIJING, June 8 (Korea Bizwire) – China urged North Korea not to escalate tensions after the country launched what are believed to be several cruise missiles. “Under the current environment, the countries concerned should not provoke each other or take any action that could escalate regional tensions,” China’s foreign ministry spokeswoman Hua Chunying said in [...]

Lotte Determined to Succeed in Chinese Market Despite THAAD Row

Lotte Determined to Succeed in Chinese Market Despite THAAD Row

SEOUL, June 7 (Korea Bizwire) – South Korean retail giant Lotte will not be abandoning its businesses in China, which have been reeling from apparent retaliation after the company provided the South Korean government with land for a new THAAD anti-missile system.  A Lotte official in China said Wednesday that “there is no change in [...]

ZTE Seeks to Expand Presence in S. Korean Market

ZTE Seeks to Expand Presence in S. Korean Market

SEOUL, Jun. 1 (Korea Bizwire) — China-based tech manufacturer ZTE Corp. is gradually expanding its presence in the South Korean market by joining forces with local companies, industry watchers said Wednesday. There are currently three ZTE-manufactured devices being sold in South Korea, including the LINE Friends smartphone released through KT Corp., the country’s No. 2 [...]

Poll Shows 60 pct of S. Koreans Negative about China’s Influence

Poll Shows 60 pct of S. Koreans Negative about China’s Influence

SEOUL, Jun. 1 (Korea Bizwire) — Six in 10 South Koreans have a negative viewpoint of China’s influence on their country, according to a poll released Wednesday. In the poll of 758 adult South Koreans organized jointly by the Asan Institute for Policy Studies and several foreign institutions early this year, 60 percent negatively evaluated [...]