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CUHK Business School Reveals How Court Transparency in China is Biased by Politics and How the Bias Has Economic Consequences

CUHK Business School Reveals How Court Transparency in China is Biased by Politics and How the Bias Has Economic Consequences

HONG KONG, CHINA, Jul. 25 (Korea Bizwire) - Researchers say the Chinese government has suppressed more than 60 percent of the judicial disclosures in litigation cases involving public limit companies — even though such disclosures have been required by law since 2014. The study “Transparency in an Autocracy: China’s ‘Missing Cases’ in Judicial Opinion Disclosure” reveals evidence [...]

Brain Drain Concerns as Chinese Battery Producers Poach S. Korean Professionals

Brain Drain Concerns as Chinese Battery Producers Poach S. Korean Professionals

SEOUL, Jul. 5 (Korea Bizwire) — The South Korean electric battery industry is at stake as China continues to lure professionals and experts. Contemporary Amperex Technology Co. (CATL), China’s largest battery provider, was reported to have contacted South Korean professionals in the electric battery industry, offering to triple their current salary as part of their [...]

S. Korean Duty-free Operators Going Abroad for Another Boom

S. Korean Duty-free Operators Going Abroad for Another Boom

SEOUL, Jun. 24 (Korea Bizwire) — After years of struggle in the face of a decline in Chinese tourists and increased competition, South Korea’s duty-free operators are in search of a more stable and sustainable business portfolio — to reduce their reliance on Chinese visitors and generate decent profits. The country’s duty-free business has raked [...]

Alibaba Group and Yiwu City Government to Establish eWTP Hub

Alibaba Group and Yiwu City Government to Establish eWTP Hub

Yiwu, China, Jun. 20 (Korea Bizwire) – Alibaba Group has entered into a strategic collaboration with the municipal government of Yiwu, Zhejiang Province, China to launch an eWTP hub in Yiwu to digitize trade infrastructure and empower new trade flows for the city, which is the world’s largest wholesale market. This collaboration between Alibaba Group, operator [...]

One-brand Cosmetics Shops Struggle to Survive Amid Economic Downturn

One-brand Cosmetics Shops Struggle to Survive Amid Economic Downturn

SEOUL, Jun. 17 (Korea Bizwire) — Cosmetics shops in South Korea that have been leading the K-beauty industry over the last 15 years are facing a harsh financial reckoning due to excessive competition and plunging Chinese demand. Cosmetics shops, after reaching a market size of 2.8 trillion won (US$2.3 billion) in 2016, have been on [...]

LG Chem, Geely to Set Up EV Battery Joint Venture in China

LG Chem, Geely to Set Up EV Battery Joint Venture in China

SEOUL, Jun. 13 (Korea Bizwire) — LG Chem Ltd., South Korea’s top chemicals company, said Thursday it will establish an electric vehicle (EV) battery joint venture (JV) with Geely Automobile Holdings Ltd. in China in a push to tap deeper into the neighboring country’s fast-growing EV market. Under their agreement signed in Ningbo, Zhejiang province, [...]