SEOUL, Sept. 6 (Korea Bizwire) — South Korea’s exports of cathode materials have experienced significant growth, primarily driven by the rapid expansion of the secondary battery industry, especially in the electric vehicle sector. However, a substantial portion of the earnings from South Korea’s cathode material exports are flowing back to China, which supplies crucial ingredient [...]
SEOUL, Sept. 1 (Korea Bizwire) — South Korea’s chip industry, heavily dependent on China for production and exports, faces a dilemma due to the United States government’s policy of promoting sanctions against Beijing, a report showed Thursday. The global chip supply network is projected to undergo reorganization between 2025 and 2030, aligning with the anticipated [...]
SEOUL, Aug. 31 (Korea Bizwire) – South Korean cosmetics giant LG H&H Co. said Thursday it has changed the name of its luxury beauty brand, The history of Whoo, and will launch the brand’s renewed flagship product line in China this week. The history of Whoo, now renamed The Whoo, renewed its key basic skincare [...]
SEOUL, Aug. 25 (Korea Bizwire) — A South Korean visa application center was inaugurated in Beijing on Thursday in response to the surging interest in tourism to South Korea. This rise in demand follows the decision by the Chinese government to permit group travel to South Korea for the first time in more than six [...]
SEOUL, Aug. 16 (Korea Bizwire) — Korean-made mobile games are facing challenges in the Chinese market following a recent attempt to expand. Smilegate Holdings Inc.’s “Epic Seven,” which entered the Chinese market last June, held the 67th position on the Apple Store’s sales chart in the second week of August, according to mobile app market [...]
SEOUL, Aug. 16 (Korea Bizwire) — China’s recent decision to permit group travel to South Korea has ignited hopes for a positive impact from Chinese group tourists. Nonetheless, the airline industry has yet to take proactive steps such as route expansions. There’s a prevailing sense of caution, as industry experts await the extent of tourism [...]
BEIJING/SEOUL, Aug. 10 (Korea Bizwire) – China’s tourism authorities said Thursday they have decided to lift the ban on group tours to South Korea, ending a six-year hiatus caused by frayed relations following the deployment of a U.S. defense system to the South. Earlier in the day, the Chinese Ministry of Culture and Tourism announced [...]
SEOUL, Aug. 7 (Korea Bizwire) – South Korea’s battery material companies are intensifying efforts to boost local precursor production capabilities, aiming to decrease reliance on imports from China while ensuring stable procurement, in light of the implementation of the U.S. Inflation Reduction Act (IRA). LS Corp., the holding company of the electric power equipment enterprise [...]
SEOUL, July 31 (Korea Bizwire) — South Korean food giant CJ Cheiljedang Corp. said Monday it has sold off all of its shares in Chinese food company Sichuan Jixiangju Food at 300 billion won (US$235.8 million). CJ Cheiljedang had bought a combined 60 percent share in the Chinese firm, which deals with Chinese foods, including [...]
SEOUL, July 25 (Korea Bizwire) — South Korea’s patent authority said Monday that there have been numerous cases of Korean trademarks being preempted without permission in China and Southeast Asia, with the intention of capitalizing on the positive reputation of Korean businesses. The Korean Intellectual Property Office (KIPO) analyzed 15,692 trademark filings in China and [...]