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K-pop Businesses on the Lookout as China Criticizes Use of ‘Taiwanese’ Nationality

K-pop Businesses on the Lookout as China Criticizes Use of ‘Taiwanese’ Nationality

SEOUL, Jan. 29 (Korea Bizwire) — South Korean entertainment companies are facing a dilemma as China, under the ‘One-China Policy’, has begun to take issue with foreign companies using terminology that seems to uphold Taiwan’s independence. With an increasing number of idols of Taiwanese nationality making a debut in South Korea, many companies are careful [...]

Ministry of Environment Responds After China Blames S. Korea for Fine Dust

Ministry of Environment Responds After China Blames S. Korea for Fine Dust

SEOUL, Jan. 22 (Korea Bizwire) — South Korea’s Ministry of Environment responded to a recent comment from the Chinese government that blamed South Korea for its poor air quality. “It is only common sense to know that the westerlies blow from the northern hemisphere, exposing South Korea to Chinese influence, particularly in the fall and [...]

S. Korea Lagging Behind Japan, China in EV Battery Competitiveness

S. Korea Lagging Behind Japan, China in EV Battery Competitiveness

SEOUL, Jan. 17 (Korea Bizwire) — South Korean battery makers are lagging behind their rivals in China and Japan in electric vehicle (EV) battery competitiveness, a local think tank said Thursday. Korean car battery companies, such as LG Chem Ltd. and Samsung SDI Co., have witnessed their combined share in the global battery market plunge [...]

S. Korean Firms Bask in China’s Excavator Market Boom

S. Korean Firms Bask in China’s Excavator Market Boom

SEOUL, Jan. 15 (Korea Bizwire) — South Korean companies, led by Doosan Infracore Co., logged robust sales in China’s excavator market last year as the world’s No. 2 economy increased spending on infrastructure, industry sources said Tuesday. According to the data provided by Eugine Investment & Securities, Doosan Infracore, South Korea’s No. 1 construction equipment [...]

Duty-free Sales Hit Record High in 2018 Despite THAAD Row

Duty-free Sales Hit Record High in 2018 Despite THAAD Row

SEOUL, Jan. 14 (Korea Bizwire) — Sales at South Korean duty-free stores continued to show solid growth, reaching their highest-ever figure in 2018, despite a drop in Chinese travelers following a diplomatic row over the deployment of an advanced U.S. missile defense system here, industry data showed Monday. According to the data from the Korea [...]