SEOUL, April 18, (Korea Bizwire) — South Korea’s major battery manufacturers are delaying or scrapping joint ventures with Chinese companies as geopolitical risks, regulatory uncertainty, and market stagnation force a strategic rethink in the electric vehicle (EV) supply chain. According to industry sources on April 17, LG Energy Solution has postponed construction of two planned [...]
SEOUL, April 8 (Korea Bizwire) — The South Korean government is on alert following China’s decision to tighten its grip on rare earth exports and impose retaliatory tariffs in response to new U.S. trade measures, raising fresh concerns over global supply chain vulnerabilities. Beijing announced last week that it will impose a 34% retaliatory tariff [...]
BEIJING, April 7 (Korea Bizwire) — Chinese officials tasked with managing a memorial facility for troops who fought in the 1950-53 Korean War returned to North Korea for the first time in five years, the Chinese Embassy in Pyongyang said Monday. According to the embassy’s website, 14 Chinese officials arrived in North Korea last Monday [...]
SEOUL, March 26 (Korea Bizwire) – In what appears to be a calculated diplomatic gesture, China is showing signs of relaxing its unofficial ban on South Korean cultural imports, amid growing pressure from the United States and a desire to improve relations with its East Asian neighbor. The shift becomes apparent as high-profile K-pop girl [...]
SEOUL, March 11 (Korea Bizwire) — Amid China’s rapid advancements in high-tech industries, South Korean investors are increasingly turning to Chinese stocks, fueling a surge in trading volumes, according to Chinese state media. China Central Television (CCTV) recently reported, citing data from the Korea Securities Depository, that the total trading volume of Chinese mainland and [...]
SEOUL, Feb. 25 (Korea Bizwire) — In a significant shift within the global battery industry, Chinese manufacturers substantially increased their market dominance in 2024, while South Korean competitors saw their share shrink in both electric vehicle and energy storage markets. According to data released by SNE Research on February 24, global battery shipments reached 1,460 gigawatt-hours [...]
SEOUL, Feb. 25 (Korea Bizwire) — Even as anti-China protests have intensified amid South Korea’s presidential impeachment crisis, Chinese tourism has experienced an unexpected boom, with travel numbers surging more than 60% following China’s visa-free policy implementation. According to data obtained from the Ministry of Justice by lawmaker Park Eun-jung of the Rebuilding Korea Party, 647,901 [...]
SEOUL, Feb. 24 (Korea Bizwire) — In a striking reversal, South Korea has lost its technological edge to China across most semiconductor sectors over the past two years, according to a new survey that highlights shifting dynamics in the global chip industry. The survey, released by the Korea Institute of Science & Technology Evaluation and Planning [...]
TOKYO, Feb. 13 (Korea Bizwire) – South Korea, China and Japan are close to finalizing the arrangements to hold a trilateral meeting of their top diplomats late next month, a report said Thursday. The meeting, set to be held in Tokyo, is most likely to take place March 22, Japan’s Asahi Shimbun daily reported, citing [...]
SEOUL, Feb. 13 (Korea Bizwire) — As South Korean semiconductor manufacturers pivot toward high-bandwidth memory (HBM) chips in the artificial intelligence era, they face mounting uncertainties from aggressive Chinese competition and potential tariffs threatened by U.S. President Donald Trump. While analysts suggest that tariff impacts may be limited given the relatively small share of semiconductor exports [...]