SEOUL, Nov. 12 (Korea Bizwire) — Many serving robot businesses have been found to import Chinese-made serving robots and misrepresent them as being their own product. Industry insiders reported that more than 70 percent of all serving robots in South Korea are Chinese-made. Among local manufacturers, LG Electronics Inc., Hyundai Robotics Co. and Robotis have [...]
SEOUL, Nov. 10 (Korea Bizwire) — POSCO Chemical Co., a unit of South Korean steel giant POSCO, said Wednesday it plans to acquire a 15 percent stake in a Chinese manufacturer of artificial graphite anode material as part of efforts to bolster its battery materials business. The decision, reached at a board meeting earlier in [...]
SEOUL, Nov. 10 (Korea Bizwire) — China has confirmed it will go ahead with inspection processes on 18,700 tons of urea used in automobiles before exporting it to South Korea, Seoul’s foreign ministry said Wednesday, a move expected to ease the supply crunch of the diesel exhaust fluid over the coming weeks. Beijing has notified [...]
SEOUL, Nov. 4 (Korea Bizwire) — SK On, the new battery spinoff of SK Innovation Co., said it is investing US$2.53 billion to build a new production line for electric vehicle batteries in China, industry sources said Thursday. SK On recently signed a contract with Yancheng city in China’s northeastern Jiangsu Province to build its [...]
SEOUL, Nov. 3 (Korea Bizwire) — Supply chain worries loom over the South Korean economy as China has started to impose limits on exports of urea. Urea water is indispensable in an emissions control system called selective catalytic reduction (SCR). Vehicles powered by diesel engines are required to be equipped with SCR systems, which are [...]
HONG KONG SAR, Oct. 28 (Korea Bizwire) – Since its humble beginnings in the wake of the economic reforms and opening up enacted by the late Chinese leader Deng Xiaoping more than three decades ago, family businesses have grown to become the back bone of China’s economic growth. In China, family firms contributed to about 60 percent [...]
SEOUL, Oct. 22 (Korea Bizwire) — Roughly one third of the electric bus currently in use in South Korea were made in China. Rep. Bae Jun-young of the People Power Party submitted a report from the Ministry of Economy and Finance and the Korea Customs Service that said that 28 percent (585) of the 2,122 [...]
SEOUL, Oct. 13 (Korea Bizwire) — Korean-style sugar candy “dalgona,” made by melting sugar and frothing it up with a pinch of baking soda, is gaining popularity in China as the mega-hit Netflix series “Squid Game” continues to gain fame worldwide. Typing in ‘Squid Game Dalgona’ on Chinese online shopping mall Taobao delivers numerous results [...]
Lugano, Switzerland – Shanghai, China, Oct. 12 (Korea Bizwire) – Helsinn Group (“Helsinn”), a Swiss Biopharmaceutical Group with an innovative R&D pipeline in cancer supportive care and oncology therapeutics, strategically investing in a fully integrated targeted therapy structure to develop, manufacture and commercialize small molecules in precision medicine with higher market potential, and Fosun Pharmaceutical A.G., a corporation organised [...]
SEOUL, Oct. 6 (Korea Bizwire) — An activist professor has stepped up to criticize Chinese netizens engaging in illegal downloads of the hit Netflix series “Squid Game.” Netflix is currently unavailable in China. Official distribution of Korean films and dramas, in particular, has been banned by the Chinese government. Nevertheless, the newest releases with Chinese [...]