SEOUL, Aug. 16 (Korea Bizwire) — Korean-made mobile games are facing challenges in the Chinese market following a recent attempt to expand. Smilegate Holdings Inc.’s “Epic Seven,” which entered the Chinese market last June, held the 67th position on the Apple Store’s sales chart in the second week of August, according to mobile app market [...]
SEOUL, Aug. 16 (Korea Bizwire) — China’s recent decision to permit group travel to South Korea has ignited hopes for a positive impact from Chinese group tourists. Nonetheless, the airline industry has yet to take proactive steps such as route expansions. There’s a prevailing sense of caution, as industry experts await the extent of tourism [...]
BEIJING/SEOUL, Aug. 10 (Korea Bizwire) – China’s tourism authorities said Thursday they have decided to lift the ban on group tours to South Korea, ending a six-year hiatus caused by frayed relations following the deployment of a U.S. defense system to the South. Earlier in the day, the Chinese Ministry of Culture and Tourism announced [...]
SEOUL, Aug. 7 (Korea Bizwire) – South Korea’s battery material companies are intensifying efforts to boost local precursor production capabilities, aiming to decrease reliance on imports from China while ensuring stable procurement, in light of the implementation of the U.S. Inflation Reduction Act (IRA). LS Corp., the holding company of the electric power equipment enterprise [...]
SEOUL, July 31 (Korea Bizwire) — South Korean food giant CJ Cheiljedang Corp. said Monday it has sold off all of its shares in Chinese food company Sichuan Jixiangju Food at 300 billion won (US$235.8 million). CJ Cheiljedang had bought a combined 60 percent share in the Chinese firm, which deals with Chinese foods, including [...]
SEOUL, July 25 (Korea Bizwire) — South Korea’s patent authority said Monday that there have been numerous cases of Korean trademarks being preempted without permission in China and Southeast Asia, with the intention of capitalizing on the positive reputation of Korean businesses. The Korean Intellectual Property Office (KIPO) analyzed 15,692 trademark filings in China and [...]
SEOUL, July 21 (Korea Bizwire) — South Korea’s exports to China fell 26 percent in the first half of this year on Beijing’s falling demand for chips and display items amid a global economic slowdown, data showed Friday. Outbound shipments to China came to US$60.18 billion during the first six months of the year, compared [...]
SEOUL, July 20 (Korea Bizwire) — Chinese electric vehicles (EVs) are expanding their presence in South Korea, particularly in the commercial vehicle market. The number of imported commercial vehicles registered in the first half of this year totaled 4,563 units, with Chinese vehicles accounting for 1,451 units, according to local market tracker CarIsYou. Shineray’s electric [...]
SEOUL, July 17 (Korea Bizwire) — The share of South Korea in China’s total imports has been steadily declining, Beijing’s trade data showed Sunday. China’s imports from South Korea amounted to $77 billion in the first half of this year, showing a 24.9 percent decrease compared to the previous year, according to data from China’s [...]
ANSEONG, July 10 (Korea Bizwire) — Three North Korean defectors who recently arrived in South Korea after living on the run in China said their ordeal significantly worsened due to strict restrictions during the COVID-19 pandemic, offering a rare glimpse of how they went through hardships during the period. The three women — who, respectively, [...]