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NABUFIT Signs Strategic Marketing Partnership with SINA Sports in China

NABUFIT Signs Strategic Marketing Partnership with SINA Sports in China

NEW YORK, May 23 (Korea Bizwire) — NABUFIT Global Inc. (OTCQB:NBFT), developer of a ground breaking new training portal that enhances individual workouts by providing expert advice from professional trainers, health experts and international sports stars, today announced the signing of a marketing agreement with SINA Sports, a division of SINA Corp (Nasdaq:SINA). NABUFIT will be utilizing [...]

Foreign Tourists Fall 27 pct Last Month amid THAAD Row

Foreign Tourists Fall 27 pct Last Month amid THAAD Row

SEOUL, May 23 (Korea Bizwire) — The number of foreign tourists to South Korea fell 27 percent in April from a year earlier as demand from China fell dramatically, the country’s tourism agency said Monday. Last month, a total of 1.07 million foreigners visited the country. Chinese travelers plunged 67 percent year-over-year to 227,811, according [...]

S. Korea, China Moving toward Mending Ties Strained over THAAD: Experts

S. Korea, China Moving toward Mending Ties Strained over THAAD: Experts

SEOUL, May 17 (Korea Bizwire) — South Korea and China appear to be moving toward mending their strained ties over the installation of a U.S. missile defense system here as exchanges and contacts in diverse areas have apparently been gaining traction since the inauguration of liberal President Moon Jae-in, experts said Tuesday. The recently wrapped-up [...]

China Quickly Catching up with South Korea’s Core Industries

China Quickly Catching up with South Korea’s Core Industries

SEOUL, May 10 (Korea Bizwire) – The latest analysis from the Korea Institute for Industrial Economics & Trade has revealed that China will soon catch up with the quality and technology of South Korea’s core industries, further threatening Asia’s fourth-largest economy. In the report released Monday, the institute suggested that China would close the gap [...]

Seongju Residents Seek Injunction against THAAD Deployment

Seongju Residents Seek Injunction against THAAD Deployment

SEONGJU, May 10 (Korea Bizwire) — Hundreds of residents near the deployment site of a U.S. missile defense system here filed a petition with the Constitutional Court on Monday to obtain an injunction against its construction and operation. A total of 527 residents from Seongju County and neighboring Gimcheon, about 300 kilometers southeast of Seoul, [...]

Sales of Dust Masks, Air Purifiers Spike on Murky Air

Sales of Dust Masks, Air Purifiers Spike on Murky Air

SEOUL, May 10 (Korea Bizwire) — Sales of dust masks and air purifiers soared in South Korea as citizens become increasingly concerned about seasonal fine and yellow dust here, industry data showed Tuesday. Originating from deserts in southern Mongolia and northern China, the dust has been a source of concern here, particularly in the spring. [...]

No End in Sight for Lotte’s Mounting Losses in China over THAAD Row

No End in Sight for Lotte’s Mounting Losses in China over THAAD Row

SEOUL, May 7 (Korea Bizwire) – Lotte Group is facing huge losses as its outlets in China have remained closed for about two months over Beijing’s apparent retaliation against the deployment of an advanced U.S. missile defense system in South Korea, according to group officials Friday.  Chinese authorities ordered Lotte to close its stores following [...]

Another Victim of THAAD Woes: E-Mart to Exit China

Another Victim of THAAD Woes: E-Mart to Exit China

SEOUL, May 4 (Korea Bizwire) – E-Mart Inc., South Korea’s largest discount outlet chain by revenue, is closing down its business in China two decades after it first entered the country, the company said Tuesday, as widening losses and worsening business conditions stemming from a diplomatic standoff have left the company with little leeway for [...]

Aftereffects of THAAD Row to Linger in S. Korea and China

Aftereffects of THAAD Row to Linger in S. Korea and China

SEOUL, May 4 (Korea Bizwire) — South Korea and China will both be hurt economically by the fallout caused by the deployment of the advanced U.S. missile defense system on the Korean Peninsula, a local think tank said Wednesday. According to the Hyundai Research Institute (HRI), Beijing’s retaliation against Seoul’s decision to station a Terminal [...]

S. Koreans Increasingly Eschew China for Travel Destination

S. Koreans Increasingly Eschew China for Travel Destination

SEOUL, May 4 (Korea Bizwire) – South Koreans refrained from traveling to China last month and opted to fly to Japan or Southeast Asia instead, industry data showed on Tuesday, as the ongoing diplomatic spat has caused many to become weary of the neighboring country.  According to the data by Hana Tour, the country’s No. [...]