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Korean Shipbuilders Blindsided, Lose Contract to Chinese Rivals

Korean Shipbuilders Blindsided, Lose Contract to Chinese Rivals

SEOUL, Aug. 21 (Korea Bizwire) – The domestic shipbuilding industry was engulfed in a wave of low spirits as shipping publication “Tradewinds” and eBest Investment and Securities (eBest) both reported that French company CMA CGM had signed a letter of intent with two Chinese shipbuilding firms for nine container ships. The reason for the Korean [...]

THAAD Row Overshadows S. Korean Community in China

THAAD Row Overshadows S. Korean Community in China

BEIJING, Aug. 20 (Korea Bizwire) — A Chinese sign that read “Hanguocheng,” meaning South Korean food court, on the building of a restaurant mall in Wangjing, the once prosperous Koreatown in northeastern Beijing, has been replaced by “Meishijie,” or Gourmet food street. The change reflects an ever-rising anti-South Korean sentiment in China amid the current [...]

Eastar Jet, Cheongju International Airport Struggling Amidst THAAD Backlash

Eastar Jet, Cheongju International Airport Struggling Amidst THAAD Backlash

CHEONGJU, Aug. 17 (Korea Bizwire) – Geopolitical tensions are having a real effect on the Korean economy as North Chungcheong Province announced on August 15 that the low-cost carrier Eastar Jet had abandoned its plans to resume flight operations from Chungcheong International Airport to five Chinese cities. Since the cooling of relations between China and [...]

Prophet Works with Alimama to Redefine Brand Building for China’s Digital Age

Prophet Works with Alimama to Redefine Brand Building for China’s Digital Age

SHANGHAI, CHINA, Aug. 10 (Korea Bizwire) - Global brand and marketing consultancy Prophet today announced it has collaborated with Alimama, the marketing technology platform of Alibaba Group, to build a new model to transform brand building in China. The Brand META Model helps companies take advantage of the unique consumer dynamics and digital ecosystem of the Chinese market to fuel [...]

Gridsum Held its Partner Conference to Empower Legal and e-Government Solutions in China

Gridsum Held its Partner Conference to Empower Legal and e-Government Solutions in China

BEIJING, Aug. 7 (Korea Bizwire) — Gridsum Holding Inc. (“Gridsum” or the “Company”) (NASDAQ:GSUM), a leading provider of cloud-based big-data analytics, machine learning, and artificial intelligence solutions in China, held its partner conference in Beijing to enhance its legal and e-government solutions in China and to further scale Gridsum’s ecosystem in those areas and beyond. [...]

Hanssem to Open First Chinese Flagship Store in Shanghai

Hanssem to Open First Chinese Flagship Store in Shanghai

SEOUL, Aug. 7 (Korea Bizwire) — Hanssem, an interior and lifestyle company, said Monday it will open its first Chinese branch in Shanghai this week to compete in the 740 trillion-won (US$656 billion) market. The two-story Hanssem Shanghai Flagship Store will open Tuesday in the Changning District. The store will cover some 13,000 square meters, [...]

S. Koreans Traveling to China Plunge amid THAAD Row: Data

S. Koreans Traveling to China Plunge amid THAAD Row: Data

SEOUL, Aug. 6 (Korea Bizwire) — The number of South Koreans traveling to China plunged from April through June of this year amid the diplomatic row over Seoul’s decision to deploy U.S. anti-missile defense systems on its soil, tourism industry data showed Sunday. The total visitors going to China fell by 50 to 60 percent [...]