SEOUL, May 27 (Korea Bizwire) — China’s sweeping COVID-19 lockdowns are sending a shockwave in the display panel industry by exacerbating supply chain woes and parts procurement problems. In April, global shipments of liquid crystal display (LCD) panels fell 15 percent from a year earlier amid the prolonged lockdowns in China, according to industry tracker [...]
SEOUL, May 26 (Korea Bizwire) — The Daejeon District Public Prosecutors Office said Wednesday it had indicted two Chinese individuals in collaboration with the Ministry of Culture, Sports and Tourism for illegally sending Korean broadcasting content abroad over the past six years. Among them, the one who was arrested in South Korea was indicted with [...]
WALTHAM, Mass. and SHANGHAI, China, May 15 (Korea Bizwire) — Zenas BioPharma, a global biopharmaceutical company committed to becoming a leader in the development and commercialization of immune-based therapies for patients in need around the world, today announced the submission of an investigational new drug (IND) application to the China National Medical Products Administration (NMPA) [...]
SEOUL, April 26 (Korea Bizwire) — After the U.S. slapped sanctions on a string of Chinese companies, Taiwanese and Japanese chipmakers enjoyed a stronger presence in the Chinese chip market, while South Korean chipmakers’ standing there weakened, the business lobby group said Monday. The Federation of Korean Industriesanalyzed the changes in the market shares of [...]
SHANGHAI, China, April 6 (Korea Bizwire) — Verisk (Nasdaq: VRSK), a leading global data analytics provider, is pleased to announce that medical (re)insurance provider AXA Life & Health Reinsurance Solutions is using Verisk’s Health Risk Rating Tool to provide its insurance partners in China the ability to offer automated health insurance underwriting decisions that are [...]
SEOUL, April 5 (Korea Bizwire) — China’s Shanghai and Jilin Province are experiencing rapid spread of COVID-19, and local quarantine authorities have blamed imported clothes from South Korea as the source of the surge in cases. Chinese portal site Baidu’s top search keywords included ‘the possible correlation between the infections in the two regions and [...]
SEOUL, March 28 (Korea Bizwire) — The Voluntary Agency Network of Korea (VANK), a civic group promoting the country and its history online for an international audience, has launched an English website exposing the truth about Chinese efforts to distort the history of the Great Wall of China. The website, comprised of three sections, talks [...]
RENSSELAER, N.Y., March 21 (Korea Bizwire) — Taconic Biosciences, a global leader in providing drug discovery animal model solutions, has appointed Nomura Siam International Co., Ltd. (NSI) and Nomura Jimusho. Inc. (NJI) as sales agents and distributors of the rasH2 Mouse Carcinogenicity Test System in India and China, respectively. These distribution arrangements greatly improve rasH2 [...]
SEOUL, March 20 (Korea Bizwire) — South Korea’s top carmaker Hyundai Motor Co. and China’s Beijing BAIC Motor will inject over 1 trillion won (US$825 million) into their joint venture to enhance the competitiveness of its electric car making amid sluggish sales, company officials said Sunday. They will increase the capital stock of Beijing Hyundai [...]
SEOUL, March 18 (Korea Bizwire) — South Korea’s presence in the Chinese import market has fallen significantly over the past five years, compared to other major countries, a South Korean business lobby said. The Federation of Korean Industries compared the market share of the Group of Five (G5) states, Taiwan, the six ASEAN states and South Korea [...]