SEOUL, May 13 (Korea Bizwire) — No South Korean firms were found to be doing business with Chinese businesses accused of human rights violations in China’s northwestern Xinjiang region, a foreign ministry official said Thursday, citing an ongoing survey. The Seoul government launched due diligence after a group of U.N. special rapporteurs on human rights [...]
SEOUL, May 7 (Korea Bizwire) — A yellow dust storm that originated in the Gobi Desert in northern China and Mongolia on Friday blanketed most of South Korea, including the greater Seoul area, the state weather agency said. A fine dust advisory, issued for Seoul at 1 p.m., was upgraded to a fine dust warning [...]
SEOUL, May 4 (Korea Bizwire) — A substantial share of South Koreans think that the nation’s relationship with the United States is more important than that with China, a survey showed Monday. The Federation of Korea Industries conducted a survey of 1,010 South Koreans over 20 years of age. Koreans’ favorable perception about the U.S. [...]
BEIJING and SYDNEY, April 29 (Korea Bizwire) — Guangzhou Link Health Pharma Co., Ltd. (Link Health) and George Clinical Pty Ltd (George Clinical) have signed a term sheet to enter into a strategic agreement to establish an independent joint venture clinical development company called Link-George Clinical Research Co., Ltd (Link-George). Link-George will deliver clinical trials [...]
SEOUL, April 20 (Korea Bizwire) — After years of being mired in losses, South Korean auto giant Hyundai Motor Group is mapping out its new China strategy to regain its past glory in the world’s largest auto market with a raft of electric vehicles and luxury models. While the country’s largest automaking group has basked [...]
London, April 17 (Korea Bizwire) – CNH Industrial confirms that it is has terminated discussions with FAW Jiefang with regard to the Company’s On-Highway business, and is continuing to pursue its existing plans for a spin-off of these activities in early 2022. CNH Industrial believes there are significant opportunities to develop its On-Highway business by accelerating [...]
SEOUL, April 16 (Korea Bizwire) — Chinese electric bus manufacturers are scrambling to secure production plants in South Korea. Sources said that three South Korean companies in charge of the exclusive distribution of Chinese electric buses are working with Chinese firms to set up production facilities for electric buses. It is the first time for [...]
SEOUL, April 15 (Korea Bizwire) — Hyundai Motor Group said Thursday it will launch more than 20 electric models in China by 2030 as it is struggling to revive sales in the world’s biggest automobile market. Hyundai Motor Co. and affiliate Kia Corp. will gradually launch 21 hydrogen fuel-cell electric and other electrified vehicles, including [...]
SEOUL, April 13 (Korea Bizwire) — SK IE Technology Co. (SKIET), a battery material subsidiary under SK Innovation Co., said Tuesday its second battery separator factory in China started operations to step up its production capacity. SKIET said it opened its first overseas production line in the southeastern Chinese city of Changzhou in November and [...]
SHANGHAI, China, April 12 (Korea Bizwire) — Junshi Biosciences (HKEX: 1877; SSE: 688180), a leading innovation-driven biopharmaceutical company dedicated to the discovery, development and commercialization of novel therapies, announced today that the National Medical Products Administration (NMPA) of China has granted a conditional approval to toripalimab for the treatment of patients with locally advanced or [...]