SEOUL, April 7 (Korea Bizwire) — A professor at the Korea Advanced Institute of Science and Technology (KAIST) who received a suspended prison sentence for leaking self-driving car technology to China is set to appeal the verdict after a year and eight months. The case was severely criticized by lawmakers during a parliamentary audit of [...]
SEOUL, April 5 (Korea Bizwire) — The foreign ministry started a special envoy tasked with finding and sharing ‘good stories’ about the two countries as Seoul and Beijing facing deteriorating public relations towards one another. The South Korean embassy in Beijing on Tuesday organized a special envoy comprised of 10 South Korean nationals with outstanding [...]
SEOUL, March 29 (Korea Bizwire) — While exports to China were once behind South Korea’s largest trade surplus with a foreign country, Beijing is now the source of Seoul’s largest trade deficit, a state-run trade agency said Tuesday. South Korea’s trade balance with China was a deficit of US$3.9 billion in January, with China becoming [...]
SEOUL, March 27 (Korea Bizwire) — Korean Air resumed regular late-night flights between Incheon International Airport, the gateway to Seoul, and Tokyo’s Haneda International Airport on Monday, three years after they were suspended due to COVID-19. The flight departs from Haneda at 2 a.m. and arrives at Incheon at 4:35 a.m. seven times a week, [...]
SEOUL, March 26 (Korea Bizwire) — Samsung Electronics Executive Chairman Lee Jae-yong has visited a semiconductor components manufacturing site in China run by a Samsung affiliate, the company said Sunday, in the first such trip to the neighboring country in three years. Lee visited the manufacturing facility in Tianjin, operated by Samsung Electro-Mechanics Co., on [...]
SEOUL, March 20 (Korea Bizwire) — Kia Corp., South Korea’s second-biggest carmaker by sales, on Monday unveiled the all-electric EV5 SUV concept at an electric vehicle (EV) event held in China. Kia introduced the EV5 concept at Kia EV Day planned only for Chinese customers before it launches an electric SUV model based on the [...]
SEOUL, March 13 (Korea Bizwire) — South Korean airlines said Monday they will expand flights to China from later this month, as the two countries recently agreed to increase flights on their routes to pre-pandemic levels. Seoul and Beijing have the right to provide 608 flights a week on routes to each other’s country, and [...]
INCHEON, March 12 (Korea Bizwire) — Car ferries linking South Korea’s western port of Incheon and China will resume operations next month, industry sources said Sunday, after more than three years of a hiatus attributable to the outbreak of the COVID-19 pandemic. The service of the vehicle-transporting ferries connecting Incheon and eight Chinese cities, including [...]
SEOUL, March 11 (Korea Bizwire) — China on Friday shunned South Korea in its second batch of countries allowed for Chinese group tourists, a move widely seen as a form of political complaint. The Chinese culture ministry added 40 foreign countries, including France, Italy, Denmark, Portugal and Iran, but not South Korea, to its list [...]
SEOUL, March 9 (Korea Bizwire) — AliExpress Korea plans to invest about 100 billion won (US$75.7 million) in South Korea this year, the top executive said Thursday, as the online retailer backed by China’s Alibaba Group is pushing to strengthen its presence in the growing cross-border shopping market. The investment is meant “to offer more [...]