SEOUL, Jan. 16 (Korea Bizwire) — Major South Korean biosimilar manufacturer Celltrion Inc. plans to build a plant in China in a move to directly advance into the world’s second-largest biopharmaceutical market, its chief said. “We are in the final stage of signing a contract with the Chinese government. We will soon announce details of [...]
SEOUL, Jan. 13 (Korea Bizwire) –- About 3,500 young Chinese students will visit South Korea until early next month to enjoy winter field trips, the Korea Tourism Organization (KTO) said Monday. The Chinese students, mostly elementary and middle school students from across China, will travel to Seoul, Incheon, Daegu and other tourist destinations in seven [...]
SEOUL, Jan. 13 (Korea Bizwire) –- Major South Korean cosmetics and duty-free operators traded higher Monday amid hopes that China may lift its retaliatory economic measures under way for years against Seoul’s decision to deploy a U.S. anti-missile system here. Amorepacific Corp., the country’s top cosmetics maker, closed at 232,000 won(US$200), up 5.22 percent from [...]
SEOUL, Jan. 13 (Korea Bizwire) — Major South Korean pharmaceutical companies are ramping up the phase-three clinical trials of their key products in China as they seek to tap deeper into the world’s second largest bio market. Samsung Bioepis Co. said it is awaiting approval from Chinese health authorities for the final stage of clinical [...]
SEOUL, Jan. 10 (Korea Bizwire) — South Korean confectionery firm Orion Corp. said Thursday it has been named the No. 1 player in the 2020 China Net Promoter Score (C-NPS) in the snack pie category for the sixth consecutive year. The C-NPS, to be announced by Chnbrand, a Chinese brand rating organisation, is an index [...]
SEOUL, Dec. 24 (Korea Bizwire) — Chinese visitors from Shanghai, Guangdong Province, and economically advanced areas in China coming to South Korea have surged in number. Diplomatic sources argue that travel exchanges between China and South Korea are on the verge of recovery as China is gradually lifting its travel restrictions to South Korea originally [...]
SEOUL, Dec. 19 (Korea Bizwire) — The local fish cake industry has continued to grow as manufacturers of fish cakes, which used to be seen only as humble side dish ingredients, are changing consumer perceptions with high-end snacks. According to the Korea Agro-Fisheries & Food Trade Corp., sales of fish cakes in South Korea have [...]
TORONTO, Dec. 18 (Korea Bizwire) — China continues to languish near the bottom of the latest Human Freedom Index, released today by the Fraser Institute and a network of international public policy think-tanks. And Hong Kong, which was the world’s freest jurisdiction as recently as 2013, has fallen to 3rd this year behind New Zealand (1st) and [...]
SEOUL, Dec. 18 (Korea Bizwire) — Samsung Electronics Co., the world’s No. 1 memory chipmaker, said Wednesday it will mass-produce an artificial intelligence (AI) chip for Chinese web portal operator Baidu Inc. early next year. Samsung will manufacture Baidu KUNLUN, the Chinese internet firm’s first cloud-to-edge AI accelerator, which is to be built on Baidu’s [...]
SEOUL, Dec. 17 (Korea Bizwire) — China was the biggest buyer of South Korean beauty products last year, accounting for more than 60 percent, a report showed Tuesday. The report compiled by the Korea International Trade Association (KITA) showed that 65.6 percent of outbound shipments of locally made cosmetics products headed to China, Hong Kong [...]