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Helsinn and Mundipharma China Pharmaceutical Jointly Announce NMPA’s Approval of the Oral Formulation of Akynzeo® in China

Lugano, Switzerland, and Beijing, China, Sept. 16 (Korea Bizwire) – Helsinn, a Swiss pharmaceutical group focused on building quality cancer care products, and Mundipharma China Pharmaceutical, the market leader in pain management, today jointly announce that the National Medical Products Administration (NMPA) has approved the oral formulation of Akynzeo® for the treatment of chemotherapy-induced nausea and [...]

LG Uplus to Offer 5G Roaming Service in China

SEOUL, Sept. 16 (Korea Bizwire) — South Korean mobile carrier LG Uplus Corp. said Monday it will roll out 5G roaming service in China in partnership with a state-run telecom operator, China Unicom. The preliminary service began earlier in the day for LG Uplus’ 5G customers visiting China, and the full-fledged mobile service will be [...]

S. Korean Beer Exports to China Surge Nearly 4-fold in 3 Years

SEOUL, Sept. 13 (Korea Bizwire) — South Korean beer exports to China shot up nearly four-fold in the last three years, data from a state-run trade promotion agency showed Friday. According to the Korea Trade-Investment Promotion Agency (KOTRA), beer shipments to China reached US$91 million in 2018, up 83 percent from $50 million the previous [...]

Hyundai to Temporarily Run Hydrogen Showroom in China

SEOUL, Aug. 26 (Korea Bizwire) — Hyundai Motor Co., South Korea’s biggest carmaker, said Monday it will temporarily run a showroom in China to have local customers experience its hydrogen vehicle technologies. Hyundai Motor has opened the “Hyundai Hydrogen World” exhibition hall in Shanghai and plans to run it for two weeks from Monday through [...]

LG Chem Inks Deal for Key EV Battery Material

SEOUL, Aug. 23 (Korea Bizwire) — LG Chem Ltd., South Korea’s top electric vehicle (EV) battery maker, has signed a deal with an affiliate of China’s largest lithium producer to secure a key material used for EV batteries, industry sources said Friday. According to the sources, LG Chem inked the deal to secure lithium hydroxide [...]

POSCO Completes Cathode Plant in China

SEOUL, Aug. 22 (Korea Bizwire) — South Korea’s largest steelmaker POSCO said Thursday it has completed the construction of a facility in China to produce cathode material, a key component for electric vehicle (EV) batteries. POSCO said its joint venture with Huayou Cobalt, China’s largest cobalt producer, in Tongxiang, Zhejiang Province of China, will begin [...]

S. Korean Travelers Express Anxiety amid Hong Kong Protest

HONG KONG, Aug. 14 (Korea Bizwire) — South Korean travelers expressed anxiety Tuesday as demonstrators continued their occupation of Hong Kong’s airport to protest a bill that would allow extraditions to mainland China. Thousands of demonstrators have taken over Hong Kong International Airport since Monday, leading airlines to cancel flights and leaving travelers stranded. Check-in [...]

Flights Connecting S. Korea, Hong Kong Canceled due to Protest

SEOUL, Aug. 12 (Korea Bizwire) — Multiple flights connecting South Korea with Hong Kong were nixed on Monday due to a massive protest at Hong Kong International Airport. According to the transport ministry here, Hong Kong aviation authorities issued a “notice to airmen” saying the airport was shut down as of 5:30 p.m. and will [...]

Hyundai, Kia’s China Output Tipped to fall Below 1 mln Units This Year

SEOUL, Aug. 11 (Korea Bizwire) — South Korea’s two largest carmakers — Hyundai Motor Co. and Kia Motors Corp. — are highly likely to see their combined auto production in China come below 1 million units this year, the lowest in a decade, as they moved out of the world’s largest auto market to India [...]

Samsung Again Backtracks in China’s Smartphone Market in Q2

SEOUL, Aug. 6 (Korea Bizwire) — Samsung Electronics Co. saw its share in China’s smartphone market fall back below 1 percent in the second quarter as Chinese consumers bought more domestic brands, industry data showed Tuesday. Samsung Electronics shipped 700,000 smartphones to China in the April-June period, accounting for a mere 0.7 percent of the [...]