SEOUL, July 3 (Korea Bizwire) — Samyang Foods Inc., maker of the globally popular Buldak spicy ramyeon, said Thursday it has begun construction of its first overseas production facility in China to meet growing demand for its signature product. The company will invest 201.4 billion won (US$148 million) in the new plant, which will be [...]
SEOUL, July 2 (Korea Bizwire) — South Korea and China have discussed cooperation on the upcoming Asia-Pacific Economic Cooperation (APEC) summit here and other pending bilateral issues, likely including Beijing’s steel structures in the overlapping maritime zone in the Yellow Sea, Seoul officials said Wednesday. The working-level dialogue took place Tuesday, led by Kang Young-shin, [...]
SEOUL, June 18 (Korea Bizwire) — North Korea’s vice foreign minister has reaffirmed the country’s “consistent” stance on advancing friendship with China while attending a reception hosted by the Chinese Embassy in Pyongyang to mark the U.N.-designated International Day for Dialogue among Civilizations. Proposed by China, the U.N. General Assembly adopted a resolution last year [...]
SEOUL, June 16 (Korea Bizwire) — LG Display Co., a global leader in display panel manufacturing, has filed a patent infringement lawsuit in the United States against Chinese firm Tianma Microelectronics Co. to protect its intellectual property, according to industry sources Monday. According to the sources, the South Korean company filed the suit Friday (U.S. [...]
SEOUL, June 5 (Korea Bizwire) — South Korea considers the White House’s recent comments about China’s interference in democracies, made after the presidential election, as a separate issue unrelated to the election itself, a Seoul official said Thursday. Following South Korea’s presidential election Tuesday, a White House official said that while “South Korea had a [...]
SEOUL, June 2 (Korea Bizwire) — South Korea is closely monitoring additional observation buoys installed by China near overlapping waters between the two countries, the foreign ministry said Monday, citing concerns they could be used for military purposes. The South Korean Navy recently detected three new buoys installed in May 2023 in international waters near [...]
SEOUL, May 29 (Korea Bizwire) — SM Entertainment will expand its strategic partnership with Tencent Music Entertainment Group, following the Chinese streaming giant’s move to become SM’s second-largest shareholder. SM announced Thursday it signed a memorandum of understanding with Tencent Music to broaden cooperation beyond music distribution. The partnership will include the co-production of new [...]
SEOUL, May 27, 2025 (Korea Bizwire) — As the United States intensifies its efforts to curb China’s shipbuilding dominance, global shipping giants are increasingly turning to South Korean shipyards for new vessel orders, according to industry sources and reporting by TradeWinds. Germany’s Hapag-Lloyd, the world’s fifth-largest container shipping line, had been considering placing new orders [...]
SEOUL, April 30 (Korea Bizwire) — In another potential sign of easing its tacit ban on the South Korean entertainment industry, Chinese authorities have apparently approved a large-scale K-pop concert set to take place in the country this fall, the first of its kind in years. The Korea Entertainment Producers’ Association said Wednesday that its [...]
SEOUL, April 22 (Korea Bizwire) — A Chinese youth delegation has visited South Korea for the first time in six years as part of a bilateral exchange program, Seoul’s foreign ministry said Tuesday. A 53-member delegation arrived in South Korea on Monday for a six-day stay, during which they were to participate in various cultural [...]