SEOUL, Sept. 9 (Korea Bizwire) — The K-pop industry has increasingly been looking beyond the Chinese market to reduce the risks posed by Beijing’s tightening regulations against celebrities, including “hallyu” stars. In the latest development, Weibo, China’s version of Twitter, imposed a 30-day suspension on 21 accounts belonging to the fan clubs of K-pop acts [...]
SEOUL, Sept. 9 (Korea Bizwire) — A South Korean film distributor has canceled its plan to release a Chinese movie depicting the 1950-53 Korean War from the perspectives of the country amid backlash from war veterans and political conservatives. The Korea Media Rating Board said the company, Wisdom Film, withdrew its application for an age [...]
SEOUL, Sept. 6 (Korea Bizwire) — Chinese subsidiaries of South Korean firms saw their sales sink nearly 7 percent in 2020 from four years earlier due to their dropping market share in the world’s second-largest economy, data showed Monday. Combined Chinese sales of 30 out of South Korea’s top 100 companies came to 117.1 trillion [...]
SEOUL, Aug. 31 (Korea Bizwire) — The state-run Korea Tourism Organization (KTO) said Monday that it had set up a virtual space within a game to allow the MZ generation in China to experience what it’s like to travel to South Korea. “Audition,” a popular mobile game in China, is a rhythm game with more [...]
SEOUL, Aug. 27 (Korea Bizwire) – South Korean game developer Pearl Abyss said Friday it will roll out the mobile version of its megahit online game Black Desert in China. Preregistrations for the massively multiplayer online role-playing game (MMORPG) for the mobile platform began earlier in the day, Pearl Abyss said. The game, which features [...]
HONG KONG SAR, Aug. 19 (Korea Bizwire) – China has seen some of the most destructive earthquakes in history. For example, the devastating 2008 Earthquake in Sichuan province killed over 69,000 people, left up to 11 million people homeless and caused up to US$20 billion in property damage. The country sits atop seismically active areas, and it [...]
SEOUL, Aug. 18 (Korea Bizwire) — Posco magnesium alloy coating (PosMAC), a corrosion-resistant steel product produced by South Korea’s leading steelmaker POSCO, is set to gain wider access in the Chinese market. The China Engineering Construction Standardized Association recently certified the ternary alloy coated steel product with high corrosion resistance as a suitable material that [...]
FREMONT, Calif., Aug. 17 (Korea Bizwire) — ACM Research, Inc. (“ACM”) (NASDAQ: ACMR), a leading supplier of wafer cleaning technologies for advanced semiconductor devices, today is providing an update on the status of the proposed initial public offering (the “STAR Market IPO”) and listing of shares of ACM’s operating subsidiary ACM Research (Shanghai), Inc. (“ACM [...]
SEOUL, Aug. 6 (Korea Bizwire) — Samsung Electronics Co. expanded its presence in the Chinese tablet market in the second quarter of the year despite an overall market decline, a report showed Friday. The South Korean tech giant registered a market share of 14 percent in the April-June period, up from 6 percent a year [...]
SHANGHAI, Aug. 1 (Korea Bizwire) — Chinese-Canadian pop star Kris Wu, a former member of the K-pop boy band EXO, has been detained in China over suspicions of rape. Police in Beijing said in a posting on the Chinese social media platform Weibo late Saturday that they took the 30-year-old, whose legal Chinese name is [...]