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S. Korean Firm Shuts Down Battery Plant in China: Source

S. Korean Firm Shuts Down Battery Plant in China: Source

SEOUL, Mar. 30 (Korea Bizwire) — South Korea’s SK Innovation Co. halted operation of its battery packing plant in China in January as its business suffered in the face of Beijing’s move to stop a subsidy to electric vehicle makers that use parts from non-Chinese manufacturers, sources said Wednesday. Orders for the joint venture between [...]

Cosmetics Export to China Soars in Jan-Feb Despite THAAD Row: Data

Cosmetics Export to China Soars in Jan-Feb Despite THAAD Row: Data

SEOUL, March 29 (Korea Bizwire) – South Korea’s export of cosmetics products to China jumped in the first two months of this year from a year earlier, industry data showed Wednesday, underscoring solid gains in trade despite the trade row between Beijing and Seoul over a U.S. anti-missile system.  The outbound shipments of cosmetics goods [...]

Possible Military Conflict Looms Large Over Korean Peninsula

Possible Military Conflict Looms Large Over Korean Peninsula

SEOUL, March 24 (Korea Bizwire) – As North Korea’s development of weapons of mass destruction continues to threaten security in East Asia and jeopardize its already compromising position in the world, speculation is growing over the possibility of global military conflict on the Korean Peninsula involving China and the U.S. The shocking prospect of another [...]

Amid Growing Tensions, China to Dispatch 10,000 Police Officers for Soccer Match Between Korea and China

Amid Growing Tensions, China to Dispatch 10,000 Police Officers for Soccer Match Between Korea and China

CHANGSHA, China, March 22 (Korea Bizwire) – Ten thousand Chinese police officers will be present at a football stadium here for security reasons when South Korea and China play their World Cup qualifying match this week, the national football governing body said Wednesday. The Korea Football Association (KFA) said the Chinese authorities have decided to [...]

Potential Losses from Chinese Trade Sabotage May Hit US$20 Bln: Report

Potential Losses from Chinese Trade Sabotage May Hit US$20 Bln: Report

SEOUL, March 22 (Korea Bizwire) – The South Korean economy might suffer some US$20 billion in losses in trade with China in the future, if the diplomatic dispute over Seoul’s installation of a U.S. anti-missile system further escalates, a report showed Wednesday.  Tension is rising between the two countries after Beijing took aggressive steps to [...]

THAAD Deployment: South Korean Government Faces Criticism as Businesses Suffer

THAAD Deployment: South Korean Government Faces Criticism as Businesses Suffer

SEOUL, March 20 (Korea Bizwire) – Acting President Hwang Gyo-Ahn’s leadership is being questioned as public criticism grows over the government’s passive attitude towards China’s THAAD retaliation. Critics in South Korea are voicing concern over the apparent lack of countermeasures and complaints from government officials in the face of a series of retaliatory acts from Beijing, [...]

S. Korean Embassy in China Issues Safety Warning to Football Fans Amid Pre-World Cup Qualifier Tension

S. Korean Embassy in China Issues Safety Warning to Football Fans Amid Pre-World Cup Qualifier Tension

BEIJING, March 20 (Korea Bizwire) – South Korean embassy in Beijing has issued a safety warning to football fans planning to attend an upcoming World Cup qualifying match between the two countries, scheduled amid a wave of anti-Korean sentiment here over the deployment of a U.S. missile defense system. According to sources privy to the [...]

Hard-line China Drives South Korean Businesses to Southe East Asia

Hard-line China Drives South Korean Businesses to Southe East Asia

SEOUL, March 17 (Korea Bizwire) – With China taking a hard line against South Korea amid the ongoing political dispute over the THAAD missile defense system, South Korean companies are beginning to divert their attention towards Southeast Asian countries that offer more certainty and stability for their business.  Companies from East Asian countries – namely [...]