China economy Archives | Be Korea-savvy

Korean Business Mood Sinks on China’s Slowing Economy

BEIJING, Sept. 29 (Korea Bizwire) – Business confidence of South Korean firms in China dropped in the third quarter of this year, hit by sluggish sales as the Chinese economy is cooling down. The quarterly business survey index (BSI) of about 230 South Korean firms, an indicator of their outlook for the coming quarter, was [...]

Hyundai Motor China’s Boss Expects Business Outlook to Be ‘Unfavorable’

“The Chinese economy is facing slower growth and the South Korean economy is still sluggish. So there are difficult business environments going forward.” – Kim Tae-yun, president of Beijing Hyundai Motor Co. BEIJING, Feb. 14 (Korea Bizwire) –The head of Hyundai Motor Co.’s Chinese unit forecast a “difficult” business outlook in China this [...]