SEOUL, March 18 (Korea Bizwire) – SK Holdings Co., the holding firm of the South Korean energy-to-telecom conglomerate, said Thursday it will team up with China’s Zhejiang Geely Holding Group Co. to launch a US$300 million fund that will invest in future mobility technology firms. SK Holdings and Geely will each chip in $30 million for [...]
HONG KONG, March 17 (Korea Bizwire) — China’s top legislature endorsed on Thursday a decision on improving the electoral system of the Hong Kong Special Administrative Region, which marks another major step to improve the region’s legal and political systems, said Lv Jian-she, President of the Hong Kong-based Chinese Culture and Arts Association. The plan [...]
SEOUL, March 16 (Korea Bizwire) – Almost all of South Korea was blanketed Tuesday by a massive yellow dust storm originating from the inland deserts in northern China, the state weather agency said. According to the Korea Meteorological Administration (KMA), almost all parts of the nation came under the influence of high levels of yellow [...]
SEOUL, March 14 (Korea Bizwire) – SK global chemical Co., an affiliate of South Korea’s top refiner SK Innovation Co., said Sunday it will build a packaging material plant in China. Under the deal, SK global chemical will set up a joint venture with Satellite Petrochemical to build a plant that produces ethylene acrylic acid [...]
SEOUL, March 14 (Korea Bizwire) — China’s imports of South Korean products last year stayed nearly the same as the previous year despite the novel coronavirus pandemic, a report showed Sunday, as the world’s second-largest economy bought more consumer goods like cosmetics. China imported US$173.5 billion worth of goods from South Korea in 2020, only [...]
SEOUL, March 10 (Korea Bizwire) — Hyundai Motor Co. and affiliate Kia Corp. said Wednesday they are targeting a 23 percent on-year gain in China sales this year. Hyundai and Kia aim to sell a combined 817,000 vehicles in China in 2021, up from 664,744 units a year earlier, a Hyundai spokesman said. To help [...]
SEOUL, March 9 (Korea Bizwire) – LG Electronics Inc., a major home appliance maker in South Korea, said Tuesday it has won a patent infringement suit against Chinese electronics giant TCL over mobile technology-related patent infringement. A district court in Mannheim, Germany, recently ruled in favor of LG Electronics in one of three LTE standard [...]
TAEAN, March 5 (Korea Bizwire) — A series of strong winds has brought hundreds of tons of waste to the coast of the Taean Peninsula in South Chungcheong Province. The debris includes old fishing gear, styrofoam, plastic bottles, wooden sticks and others. The remains of an old refrigerator, tires, and other waste are also being [...]
SEOUL, March 2 (Korea Bizwire) — Hyundai Motor Group said Tuesday it will build its first overseas hydrogen fuel-cell systems plant in China by next year to make inroads into the local hydrogen vehicle market. Hyundai Motor began construction of the HWO Gwangzhou hydrogen fuel-cell systems plant with an aim to initially produce 6,500 units [...]
SHANGHAI, China, March 1 (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 Company has entered into an exclusive promotion agreement with AstraZeneca Pharmaceutical Co., Ltd. (“AstraZeneca Pharmaceutical” or the “Promoter”), pursuant to which Junshi Biosciences [...]