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Chinese Commercial Vehicles Surge to Record Market Share in South Korea

Chinese Commercial Vehicles Surge to Record Market Share in South Korea

SEOUL, Dec. 12  (Korea Bizwire) – Chinese commercial vehicles captured their highest monthly market share of the year in South Korea’s imported vehicle market last month, raising concerns about growing Chinese dominance as companies like BYD prepare to enter the passenger car market.  According to data from Kaizen Auto Research Institute released on December 11, Chinese [...]

S. Korea to Stage Enhanced Crackdown on Illegal Fishing by Chinese Boats

S. Korea to Stage Enhanced Crackdown on Illegal Fishing by Chinese Boats

SEOUL, Dec. 2 (Korea Bizwire) — South Korea’s oceans ministry said Monday that it plans to implement an enhanced crackdown on Chinese boats fishing illegally in the West Sea this week in cooperation with the Coast Guard. The country will work to round up boats fishing or operating illegally in South Korea’s Exclusive Economic Zone [...]

Over 100 Samsung Executives Set to Retire, Sparking Fears of Talent Drain to China

Over 100 Samsung Executives Set to Retire, Sparking Fears of Talent Drain to China

SEOUL, Nov. 29 (Korea Bizwire) – Samsung Electronics is expected to announce a significant reduction in its executive ranks during its upcoming annual leadership reshuffle scheduled for November 29. Among the most notable changes, around 100 executives from the semiconductor division (DS) are set to retire—a move that marks an unprecedented level of departures in [...]

S. Korean Business Presence in China Fading amid Local Competition, Weakened Sales

S. Korean Business Presence in China Fading amid Local Competition, Weakened Sales

SEOUL, Nov. 25 (Korea Bizwire) — The business presence of South Korean companies in China has withered palpably in recent years amid toughened competition from local rivals and sluggish domestic demand in the neighboring country, according to industry watchers Monday. In September, LG Display Co. sold its liquid-crystal display (LCD) factory in China’s Guangzhou to [...]

Chinese Gaming Company Returns to South Korea 4 Years After Hanbok Controversy

Chinese Gaming Company Returns to South Korea 4 Years After Hanbok Controversy

SEOUL, Nov. 14 (Korea Bizwire) – A Chinese gaming company that withdrew from the South Korean market in 2020 amid a cultural controversy over traditional Korean dress is facing fresh scrutiny as it prepares to launch a new game in the country.  Infold Games recently began pre-registration for “Infinity Nikki,” a sequel to “Shining Nikki,” a [...]

China’s First-Ever Visa Waiver for South Koreans Could Reshape Asian Tourism Trends

China’s First-Ever Visa Waiver for South Koreans Could Reshape Asian Tourism Trends

SEOUL, Nov. 5 (Korea Bizwire) – China’s unprecedented decision to include South Korea in its visa-free policy could redirect the travel patterns of young Korean tourists, who have recently favored Japan as their primary destination in Asia. According to aviation industry sources on November 4, China will implement a visa waiver program for nine countries, including [...]

Automakers Forge Alliances to Counter China’s Rise in Electric and Autonomous Vehicles

Automakers Forge Alliances to Counter China’s Rise in Electric and Autonomous Vehicles

SEOUL, Oct. 15 (Korea Bizwire) – As the race to dominate the future of the automotive industry intensifies, with a focus on electrification and software-defined vehicles (SDVs), a wave of strategic partnerships is reshaping the global automobile market. Industry analysts suggest these alliances are largely driven by a shared concern: the need to respond to China’s [...]

S. Korea-China Route Container Shipping Costs on Constant Rise: Data

S. Korea-China Route Container Shipping Costs on Constant Rise: Data

SEOUL, Oct. 15 (Korea Bizwire) — Container shipping costs from South Korea to China rose for the eighth consecutive month in September, the customs agency said Tuesday. The average shipping cost for a 40-foot container from South Korea to China climbed 17.6 percent on-month to 862,000 won (US$634.48) last month, according to the data from [...]

Chinese Scalpers Exploit Korean Ticketing Sites, Lawmakers Say

Chinese Scalpers Exploit Korean Ticketing Sites, Lawmakers Say

SEOUL, Oct. 11 (Korea Bizwire) – Chinese scalpers are illegally acquiring Korean user account information to purchase tickets for hard-to-book events and concerts in South Korea, potentially reaping significant profits from reselling them on the black market, according to a South Korean lawmaker.  The allegations, raised during a parliamentary audit on October 10, has sparked criticism [...]

Study Finds Suspected Chinese Comments Influencing South Korean Online Discourse

Study Finds Suspected Chinese Comments Influencing South Korean Online Discourse

SEOUL, Sept. 30 (Korea Bizwire) – A recent study has uncovered evidence of coordinated efforts to sway public opinion on South Korean online platforms through comments suspected to originate from China. The research, focused on industries where South Korea and China are in fierce competition, such as electric vehicles, batteries, and e-commerce, reveals a pattern of [...]