SEJONG, May 15 (Korea Bizwire) — South Korea’s trade commission said Friday that it will close an anti-dumping probe into steel beam products made by seven Chinese companies as they have agreed to jack up their prices voluntarily. In late July 2014, the Korea Trade Commission (KTC) started an anti-dumping investigation into H-beam imports from [...]
SEJONG, May 8 (Korea Bizwire) — The Ministry of Oceans and Fisheries (MOF) is preparing various measures to boost Korea’s cruise industry, as it expects the country to become a geographical hub at the center of East Asian cruise routes, and especially China’s main ports of call. As the number of cruise tourists to Asian [...]
SEOUL, May 8 (Korea Bizwire) – South Korean solar cell makers are positioned to enjoy a rise in global sales of solar modules, which are likely to jump 20 percent this year, industry data showed on Friday. Global sales of photovoltaic (PV) solar modules are estimated at US$38 billion this year, sharply up from the [...]
SEOUL, Apr. 30 (Korea Bizwire) — Samsung Electronics Co. has suffered another setback in the fast-growing Chinese smartphone market this year in the face of heated competition, with its standing slipping by one notch to become the No. 4 smartphone seller in the first quarter of this year, data showed Thursday. China-based Huawei Technologies Co. [...]
BEIJING, Apr. 29 (Korea Bizwire) — South Korea is likely to hold up to 3.5 percent in equities in the Chinese-led Asian Infrastructure Investment Bank (AIIB), a diplomatic source said Wednesday. South Korea’s expected stake in the AIIB was lowered to between 3 percent and 3.5 percent as Russia, which is part of the World [...]
SEOUL, Apr. 23 (Korea Bizwire) — The father of Tao, a Chinese member of the popular South Korean boy band EXO, has posted a letter on the Chinese social networking service Weibo, implicating the singer’s imminent exit from the team. Rumor has it that following departures last year of two Chinese EXO members, Kris and [...]
SEOUL, Apr. 15 (Korea Bizwire) — Daum Kakao will start a webtoon service in China, introducing 40 Korean webtoons in Chinese on four Chinese online platforms, qq.com, U17, Cmread and Mileland. The company will also expand its business in the U.S.A and start to prepare for Japanese operations in the second half of the year, [...]
ALISO VIEJO, Calif., Apr. 6 (Korea Bizwire) — Johnny Rockets recently signed the largest development deal in the brand’s history with a plan to open 100 restaurants in China, with the first scheduled to open in 2016. Johnny Rockets has entered into partnership with a joint venture between AUM Hospitality and Parkson Retail Group Ltd. [...]
SEOUL, Feb. 27 (Korea Bizwire) — Hyundai Motor Co.’s Accent topped the subcompact car market in China in terms of sales last month, reflecting its growing appeal among local customers keen on quality and affordability, industry data showed Friday. Hyundai Motor sold a total of 26,515 units of the Accent last month in China in [...]
SEOUL, Feb. 23 (Korea Bizwire) — China-based Semiconductor Manufacturing International Corp. (SMIC) is seeking to buy South Korea’s only foundry chipmaker Dongbu HiTek Co., industry sources said Monday, a move that is expected to bring changes to the intensely competitive market. “Dongbu HiTek has not held an open bidding (since December), and is seeking a [...]