SEOUL, Sept. 6 (Korea Bizwire) – In a concerning trend for South Korea’s once-dominant shipbuilding industry, Chinese competitors are rapidly gaining market share, aided by alleged industrial espionage and lenient court rulings in South Korea. The situation has raised alarms about the potential loss of South Korea’s world-leading position in the sector, particularly in the crucial [...]
SEOUL, Sept. 4 (Korea Bizwire) – Fu Bao, the giant panda that was recently returned to China after living the first four years of her life in South Korea, has become the subject of controversy amid speculation that she is undergoing “hospitality training” at her new home. A video posted on August 30 by a fan-run [...]
SEOUL, Aug. 28 (Korea Bizwire) — A military intelligence official indicted this week for allegedly selling military secrets was recruited by a suspected Chinese operative in 2017, military prosecutors said Wednesday. Military prosecutors indicted the official at the Defense Intelligence Command on Tuesday on charges of aiding the enemy, receiving bribes and violating the Military [...]
SEOUL, Aug. 16 (Korea Bizwire) — South Korea’s business community has submitted formal concerns to the U.S. Treasury Department regarding Washington’s policy to restrict American investments in China’s advanced technology sector, sources said Friday. According to the sources, the Korea Chamber of Commerce and Industry (KCCI) sent a letter to the department on Aug. 4 [...]
SEOUL, Aug. 15 (Korea Bizwire) — Nearly 85 percent of the counterfeit goods seized by South Korean customs authorities in the first half of this year originated from China, data showed Thursday. The value of these fake goods, uncovered between January and June, totaled 93.4 billion won (US$68.6 million), with 83.6 percent, or 78.1 billion [...]
SEOUL, Aug. 7 (Korea Bizwire) – A recent survey has revealed that 7 out of 10 South Korean companies are either currently affected or anticipate future impacts from China’s aggressive low-price export strategy. This development comes amid concerns that the strategy may persist due to rising inventory levels in China. According to a study conducted by [...]
SEOUL, Jul. 30 (Korea Bizwire) — South Korea and China have agreed to continue communications to ensure stable supply chains and spur bilateral trade and investment during their economic talks in Beijing, Seoul’s foreign ministry said Tuesday. Kim Jin-dong, director-general for bilateral economic affairs at the ministry, met with his Chinese counterpart, Wang Liping, on [...]
SEOUL, Jul. 10 (Korea Bizwire) – The National Museum of Korea is set to unveil a stunning collection of lacquerware from three East Asian nations, offering visitors a rare glimpse into the rich cultural heritage of the region. The special exhibition, titled “Three Countries, Three Colors: East Asian Lacquerware,” opens on July 10 in the museum’s [...]
SEOUL, Jun. 18 (Korea Bizwire) — Second Vice Foreign Minister Kang In-sun on Tuesday underscored efforts among South Korea, China and Japan to further cement the trilateral cooperation, calling it a vital framework for the development of the three-way relationship despite many “difficulties.” Kang made the point at a forum, stressing that the solid cooperation [...]
SEOUL, Jun. 14 (Korea Bizwire) – Digitally altered photographs depicting the South Korean soccer star Son Heung-min injured and in a wheelchair have spread online in China, appearing to reflect lingering tensions after a recent World Cup qualifying match between the two countries. The manipulated images began circulating on Chinese internet forums following the June 11 [...]