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S. Korean Travelers Express Anxiety amid Hong Kong Protest

S. Korean Travelers Express Anxiety amid Hong Kong Protest

HONG KONG, Aug. 14 (Korea Bizwire) — South Korean travelers expressed anxiety Tuesday as demonstrators continued their occupation of Hong Kong’s airport to protest a bill that would allow extraditions to mainland China. Thousands of demonstrators have taken over Hong Kong International Airport since Monday, leading airlines to cancel flights and leaving travelers stranded. Check-in [...]

Samsung Again Backtracks in China’s Smartphone Market in Q2

Samsung Again Backtracks in China’s Smartphone Market in Q2

SEOUL, Aug. 6 (Korea Bizwire) — Samsung Electronics Co. saw its share in China’s smartphone market fall back below 1 percent in the second quarter as Chinese consumers bought more domestic brands, industry data showed Tuesday. Samsung Electronics shipped 700,000 smartphones to China in the April-June period, accounting for a mere 0.7 percent of the [...]

CUHK Business School Reveals How Court Transparency in China is Biased by Politics and How the Bias Has Economic Consequences

CUHK Business School Reveals How Court Transparency in China is Biased by Politics and How the Bias Has Economic Consequences

HONG KONG, CHINA, Jul. 25 (Korea Bizwire) - Researchers say the Chinese government has suppressed more than 60 percent of the judicial disclosures in litigation cases involving public limit companies — even though such disclosures have been required by law since 2014. The study “Transparency in an Autocracy: China’s ‘Missing Cases’ in Judicial Opinion Disclosure” reveals evidence [...]

Brain Drain Concerns as Chinese Battery Producers Poach S. Korean Professionals

Brain Drain Concerns as Chinese Battery Producers Poach S. Korean Professionals

SEOUL, Jul. 5 (Korea Bizwire) — The South Korean electric battery industry is at stake as China continues to lure professionals and experts. Contemporary Amperex Technology Co. (CATL), China’s largest battery provider, was reported to have contacted South Korean professionals in the electric battery industry, offering to triple their current salary as part of their [...]

S. Korean Duty-free Operators Going Abroad for Another Boom

S. Korean Duty-free Operators Going Abroad for Another Boom

SEOUL, Jun. 24 (Korea Bizwire) — After years of struggle in the face of a decline in Chinese tourists and increased competition, South Korea’s duty-free operators are in search of a more stable and sustainable business portfolio — to reduce their reliance on Chinese visitors and generate decent profits. The country’s duty-free business has raked [...]

Alibaba Group and Yiwu City Government to Establish eWTP Hub

Alibaba Group and Yiwu City Government to Establish eWTP Hub

Yiwu, China, Jun. 20 (Korea Bizwire) – Alibaba Group has entered into a strategic collaboration with the municipal government of Yiwu, Zhejiang Province, China to launch an eWTP hub in Yiwu to digitize trade infrastructure and empower new trade flows for the city, which is the world’s largest wholesale market. This collaboration between Alibaba Group, operator [...]

China Restores Access to S. Korea’s Largest Online Search Portal

China Restores Access to S. Korea’s Largest Online Search Portal

SEOUL, Jun. 18 (Korea Bizwire) — Access to Naver, South Korea’s largest online search portal, was restored in major cities in China on Monday after being banned last Thursday. The reasons behind the recovered access are currently unknown. Beijing, Shanghai, and other major cities in China regained limited access to Naver Monday morning. By noon, [...]