SEOUL, Dec. 28 (Korea Bizwire) — Most South Koreans, especially younger people, don’t like China even though the administration of President Moon Jae-in has pursued pro-China policies, main opposition presidential candidate Yoon Suk-yeol said Tuesday. Yoon of the People Power Party (PPP) made the remarks during a discussion hosted by the American Chamber of Commerce [...]
SEOUL, Dec. 23 (Korea Bizwire) — A majority of South Korean businesses in China are struggling with a rapidly deteriorating environment for local investment as well as regulatory discrimination compared to Chinese competitors, a major Korean business lobby group said Wednesday. The Federation of Korean Industries conducted a survey of 131 businesses (excluding financial firms) [...]
SEOUL, Dec. 19 (Korea Bizwire) — Samsung Electronics Co. has established a special team to spearhead efforts to prop up sales of its mobile phones and electronic devices in the Chinese market, industry sources said Sunday. The new team will focus on mobile devices, consumer electronics and video displays, and will be directly managed by [...]
SEOUL, Dec. 14 (Korea Bizwire) — More than half of all South Koreans believe that they should join the U.S. diplomatic boycott of the Beijing Olympics, a survey showed Monday. The Korea Society Opinion Institute conducted a survey of 1,004 Koreans over 18 years of age, 50.9 percent of whom said the country should join [...]
SEOUL, Dec. 6 (Korea Bizwire) — Hyundai Motor Group ranked first on a list measuring carmakers’ corporate social responsibility (CSR) activities in China for the sixth consecutive year. The South Korea’s top automotive conglomerate, which has Hyundai Motor Co. and Kia Corp. under its wing, announced that in the 2021 China CSR development index evaluated [...]
SHANGHAI, China, Nov. 30 (Korea Bizwire) — Shanghai Junshi Biosciences Co., Ltd. (“Junshi Biosciences”, HKEX: 1877; SSE: 688180) announced today that the National Medical Products Administration (NMPA) of China has approved its supplemental New Drug Application (sNDA) for toripalimab in combination with cisplatin and gemcitabine as the first-line treatment for patients with locally recurrent or [...]
SEOUL, Nov. 26 (Korea Bizwire) — Concerns are growing that SK hynix Inc.’s plan to overhaul its Chinese factory with a cutting-edge chipmaking machine could be in jeopardy due to opposition from the United States. Earlier this week, U.S. Trade Representative (USTR) Katherine Tai effectively acknowledged that Washington had opposed such efforts by the South [...]
CHICAGO, Nov. 18 (Korea Bizwire) — Animal protein producers in northern China have further support available to help them improve animal health and production economics with Xin WU joining the Amlan International team as Technical Sales Manager (North). Xin has joined Amlan Trading (Shenzhen) Company Ltd., which is a subsidiary of Amlan International that began [...]
MALMÖ, Sweden, Nov. 18 (Korea Bizwire) — Oatly Group AB (Nasdaq: OTLY) (“Oatly” or the “Company”), the world’s original and largest oat drink company, today announced the opening of its first production facility in Ma’anshan, China, just a few months after opening its first Asian factory in Singapore in July. The new production facility is [...]
SEOUL, Nov. 18 (Korea Bizwire) — SK hynix Inc., a major South Korean memory chip maker, said Thursday that it will flexibly operate its Chinese plant as its plan to overhaul the facility could be jeopardized amid the escalating tech tussle between the United States and China. “We have nothing to say on the matter. [...]