SEOUL, June 1 (Korea Bizwire) — Hyundai Motor Group said Thursday it has completed its first overseas hydrogen fuel-cell systems plant in China in a move to make inroads into the local hydrogen vehicle market. In March 2021, Hyundai Motor began construction of the HTWO Guangzhou hydrogen fuel-cell systems plant with an annual capacity of [...]
SEOUL, May 29 (Korea Bizwire) – Passenger travel on Korea-Chinese routes stayed at 13 percent of pre-pandemic levels in the January-April period in contrast with a rapid recovery in other Asian routes, the transport ministry said Monday. In the first four months, the number of passengers on the routes between the two countries stood at [...]
SEOUL, May 25 (Korea Bizwire) — South Korea’s top steelmaker POSCO Holdings Inc. said Thursday it has dedicated a “giga steel” processing plant in eastern China in a bid to meet future demand for the steel product. The plant, located at its Chinese processing center in Suzhou in Jiangsu province, is aimed at preempting the [...]
WASHINGTON, May 23 (Korea Bizwire) — South Korea has asked the United States to review the latter’s proposed limit on the expansion of production by South Korean semiconductor manufacturers in China, a U.S. public notice showed Tuesday. The request comes about two months after the U.S. Department of Commerce said the U.S. CHIPS and Science [...]
SEOUL, May 18 (Korea Bizwire) — Samsung Electronics Co.’s sales in China halved in the first quarter due to plummeting semiconductor demand and an increase in domestic parts supply. The world’s largest memory chip and smartphone manufacturer reported a 46.7 percent decrease in China sales for the January-March period compared to last year, amounting to [...]
SEOUL, May 12 (Korea Bizwire) – The head-on crash between South Korea and China in the display market is evolving into legal disputes. According to the website of the Intermediate People’s Court of Chongqing Municipality, China-based BOE Technology Group Co. recently filed several lawsuits against the Chinese units of Samsung Electronics Co. and Samsung Display [...]
SEOUL, April 30 (Korea Bizwire) — South Korea recorded the biggest fall in exports to China among major exporters to the country in the first quarter, China’s trade data showed Sunday. Exports to China plunged 28 percent in the first quarter from a year earlier due mainly to a sharp decline in semiconductor shipments, the [...]
SEOUL, April 24 (Korea Bizwire) — China on Monday reiterated its call for South Korea to adhere to the “One China” policy amid a growing diplomatic spat between the two neighbors over Taiwan. The two countries have traded harsh words since President Yoon Suk Yeol last week expressed opposition to any attempts to alter the [...]
SEOUL, April 24 (Korea Bizwire) — Hankook Tire & Technology Co., the world’s seventh-largest tiremaker by sales, said Monday it has started supplying tires for Chinese electric vehicle startup Leap Motor’s SUV model. Hankook Tire has been providing the high-performance Ventus S1 Evo3 ev product to Leap Motor’s C11 since the first quarter in the [...]
SEOUL, April 19 (Korea Bizwire) — Hyundai Mobis Co., South Korea’s leading auto parts maker, said Wednesday it is targeting to win US$1 billion worth of orders in China this year, with the focus on high-end components for electric vehicles. Hyundai Mobis achieved $900 million worth of auto parts orders in the world’s biggest automobile [...]