NEW YORK, Sept. 21 (Korea Bizwire) — A cultural exchange forum “Night of Guoyuan” was held at the Harvard Club of New York City on Sept. 17, to celebrate the oncoming Chinese Mid-Autumn Festival, as well as sharing bonds with China. The event was hosted by Jiangsu King’s Luck Brewery Co., Ltd. Nearly 100 dignitaries and [...]
SEOUL, Sept. 17 (Korea Bizwire) – South Korean battery maker LG Energy Solution Ltd. said Friday it has signed a 350 billion won (US$297.5 million) deal to acquire a 4.8 percent stake in China’s Greatpower Nickel & Cobalt Materials Co. for a stable supply of battery materials. The wholly owned subsidiary of LG Chem Ltd. [...]
Rancho Santa Margarita, Calif., Sept. 16 (Korea Bizwire) — As Asia-Pacific’s chocolate market diversifies and consumer tastes gravitate to sophistication, Sweegen has expanded its footprint into China by formulating premium low-calorie confectionery chocolate for the brand TeChoco. “Sweegen has demonstrated the near-impossible task of formulating low-calorie great-tasting confectionery chocolate products with low to no sugar,” [...]
SEOUL, Sept. 14 (Korea Bizwire) — South Korean shipbuilder Samsung Heavy Industries Co. said Tuesday it will close one of its Chinese plants due to decreased productivity caused by its superannuated facilities. Samsung Heavy has been in talks with the Chinese government to hand over the land and other assets by Samsung Heavy Industries Ningbo [...]
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 [...]