SEOUL, Sept. 24 (Korea Bizwire) – The U.S. government’s decision to phase out the sale of vehicles using Chinese or Russian software and components in autonomous driving and communication systems has drawn attention to its potential impact on South Korean automakers and parts suppliers. Industry analysts predict that this move by the U.S. administration could prove [...]
SEOUL, Sept. 13 (Korea Bizwire) — The military has recently taken down more than 1,300 surveillance cameras installed at various bases, including those near the border with North Korea, after discovering they were Chinese-made equipment, a military official said Friday. In late July, military and intelligence authorities found out the surveillance cameras supplied by a [...]
SEOUL, Sept. 13 (Korea Bizwire) — China has informed the top international and Asian football bodies of its recent decision to ban South Korean player Son Jun-ho for life over match-fixing charges, the sport’s national football body in Seoul said Thursday. An official for the Korea Football Association (KFA) said the Chinese Football Association (CFA) [...]
SEOUL, Sept. 6 (Korea Bizwire) – In a concerning trend for South Korea’s once-dominant shipbuilding industry, Chinese competitors are rapidly gaining market share, aided by alleged industrial espionage and lenient court rulings in South Korea. The situation has raised alarms about the potential loss of South Korea’s world-leading position in the sector, particularly in the crucial [...]
SEOUL, Sept. 4 (Korea Bizwire) – Fu Bao, the giant panda that was recently returned to China after living the first four years of her life in South Korea, has become the subject of controversy amid speculation that she is undergoing “hospitality training” at her new home. A video posted on August 30 by a fan-run [...]
SEOUL, Aug. 28 (Korea Bizwire) — A military intelligence official indicted this week for allegedly selling military secrets was recruited by a suspected Chinese operative in 2017, military prosecutors said Wednesday. Military prosecutors indicted the official at the Defense Intelligence Command on Tuesday on charges of aiding the enemy, receiving bribes and violating the Military [...]
SEOUL, Aug. 16 (Korea Bizwire) — South Korea’s business community has submitted formal concerns to the U.S. Treasury Department regarding Washington’s policy to restrict American investments in China’s advanced technology sector, sources said Friday. According to the sources, the Korea Chamber of Commerce and Industry (KCCI) sent a letter to the department on Aug. 4 [...]
SEOUL, Aug. 15 (Korea Bizwire) — Nearly 85 percent of the counterfeit goods seized by South Korean customs authorities in the first half of this year originated from China, data showed Thursday. The value of these fake goods, uncovered between January and June, totaled 93.4 billion won (US$68.6 million), with 83.6 percent, or 78.1 billion [...]
SEOUL, Aug. 7 (Korea Bizwire) – A recent survey has revealed that 7 out of 10 South Korean companies are either currently affected or anticipate future impacts from China’s aggressive low-price export strategy. This development comes amid concerns that the strategy may persist due to rising inventory levels in China. According to a study conducted by [...]
SEOUL, Jul. 30 (Korea Bizwire) — South Korea and China have agreed to continue communications to ensure stable supply chains and spur bilateral trade and investment during their economic talks in Beijing, Seoul’s foreign ministry said Tuesday. Kim Jin-dong, director-general for bilateral economic affairs at the ministry, met with his Chinese counterpart, Wang Liping, on [...]