SEOUL, Jan. 27 (Korea Bizwire) — South Korea was on extreme alert on Monday as additional confirmed cases of the Wuhan coronavirus case were detected here amid mounting concerns the pneumonia-like illness may spread across the country despite stepped-up quarantine inspections. According to the Korea Centers for Disease Control and Prevention (KCDC), a 55-year-old South [...]
SEOUL, Jan. 27 (Korea Bizwire) — Airlines in South Korea have decided to waive cancellation fees on flights to China as a growing number of passengers have been canceling trips amid concerns over the new type of coronavirus. Korean Air Lines Co., South Korea’s national flag carrier, said Monday it will not charge cancellation fees [...]
SEOUL, Jan. 25 (Korea Bizwire) — Hyundai Motor Co. said Saturday it will produce hydrogen fuel-cell electric commercial vehicles in its Chinese plant to make inroads into the local electric vehicle market. In the China EV100 Forum held in Beijing from Jan. 10-12, Executive Vice President Lee In-cheon, head of Hyundai’s Commercial Vehicle Business Division, [...]
SEOUL, Jan. 23 (Korea Bizwire) — South Korea’s public health authorities on Thursday remained on alert and said that every effort will be made to prevent the spread of the Wuhan coronavirus during the upcoming four-day Lunar New Year holiday, with the country’s citizens advised not to visit the central Chinese city at the epicenter [...]
SEOUL, Jan. 22 (Korea Bizwire) — South Korea’s travel industry is bracing for fallout from the spread of the Wuhan coronavirus, with China-bound trip cancellations reaching up to 20 percent, industry sources said Wednesday. Leading e-commerce firm Interpark Corp. said reservations for overseas trips in the January-March period were down sharply, with a double-digit drop [...]
SEOUL, Jan. 22 (Korea Bizwire) — The operator of Incheon airport, South Korea’s main gateway, said Wednesday it will take preventive measures against a new coronavirus from China as more than 1 million travelers are expected to use the airport during the Lunar New Year holiday starting this week. Incheon International Airport Corp. put the [...]
SEOUL, Jan. 22 (Korea Bizwire) — Ultrafine dust in the capitals of South Korea and China is made up of similar components, most coming from automotive emissions and coal power plants, joint research by the two countries showed Wednesday. According to the research released by the Korea-China Air Quality Joint Research Team, ultrafine dust collected [...]
SEOUL, Jan. 21 (Korea Bizwire) — Major South Korean biosimilar manufacturer Celltrion Inc. said Tuesday it will spend 600 billion won (US$520 million) on its new plant in China over the next five years. The planned plant, with a production capacity of 120,000 liters of biopharmaceutical products, will be located in the central city of [...]
INCHEON, Jan. 20 (Korea Bizwire) — Incheon’s new ferry passenger terminal, linking the western South Korean port to 10 Chinese cities, will formally open on June 15, officials said Monday. The Incheon Port Authority has built the New Incheon Port International Passenger Terminal in the city’s Songdo International Business District at a cost of 154.7 [...]
HONG KONG, CHINA, Jan. 17 (Korea Bizwire) - There is little doubt that the liberalisation of stock markets in emerging markets has been a positive force in the world economic order. One previous study has found that stock market liberalisation leads to a 1 percent increase in a country’s annual real GDP growth. Closer to home, economic [...]