SEOUL, July 21 (Korea Bizwire) — South Korea’s exports to China fell 26 percent in the first half of this year on Beijing’s falling demand for chips and display items amid a global economic slowdown, data showed Friday. Outbound shipments to China came to US$60.18 billion during the first six months of the year, compared [...]
SEOUL, July 20 (Korea Bizwire) — Chinese electric vehicles (EVs) are expanding their presence in South Korea, particularly in the commercial vehicle market. The number of imported commercial vehicles registered in the first half of this year totaled 4,563 units, with Chinese vehicles accounting for 1,451 units, according to local market tracker CarIsYou. Shineray’s electric [...]
SEOUL, July 17 (Korea Bizwire) — The share of South Korea in China’s total imports has been steadily declining, Beijing’s trade data showed Sunday. China’s imports from South Korea amounted to $77 billion in the first half of this year, showing a 24.9 percent decrease compared to the previous year, according to data from China’s [...]
ANSEONG, July 10 (Korea Bizwire) — Three North Korean defectors who recently arrived in South Korea after living on the run in China said their ordeal significantly worsened due to strict restrictions during the COVID-19 pandemic, offering a rare glimpse of how they went through hardships during the period. The three women — who, respectively, [...]
SEOUL, July 6 (Korea Bizwire) — During the past six years of Beijing’s pressure on Seoul regarding the latter’s hosting of a U.S. THAAD anti-missile system, South Korean conglomerates have witnessed shrinking sales at their Chinese subsidiaries, a corporate tracker said Wednesday. CEO Score analyzed sales reports of 113 Korean companies in China, which revealed [...]
SEOUL, June 26 (Korea Bizwire) — South Korea’s gaming industry is accelerating its entry into the Chinese market, following the Chinese government’s grant of a series of game service licenses to Korean-made games since late last year. China has been reluctant to approve South Korean video games, seemingly as an economic retaliation against Seoul due [...]
SEOUL, June 23 (Korea Bizwire) — Amid a recent statement at the National Assembly by a ruling party leader vowing to prevent Chinese individuals from exploiting South Korea’s national health insurance, communities in China have been found to be sharing tips on how to take advantage of the system. A YouTube video created by a [...]
SEOUL, June 20 (Korea Bizwire) – A majority of Koreans show little trust in China amid the deepening of Seoul-Beijing conflict following a controversial remark made by China’s Ambassador to South Korea Xing Haiming, a poll showed Monday. According to a survey conducted by a civic media group Barun Media Citizen Action, among Korean adults aged [...]
SEOUL, June 14 (Korea Bizwire) — South Korea and China have agreed to boost cooperation in curbing illegal fishing by Chinese boats in the East Sea, the oceans ministry said Wednesday. Under an agreement reached during a three-day working-level meeting last week, South Korea will swiftly inform China of suspected illegal fishing in the North [...]
SEOUL, June 14 (Korea Bizwire) — The latest South Korea-China spat prompted by China’s top envoy to Seoul highlights the dilemma posed to South Korea in striking a balance in relations between both the United States and China in the wake of the hardening rivalry between the two major powers. Tensions flared up last week [...]