SEOUL, Jul. 25 (Korea Bizwire) — SK Holdings Co., the holding firm of South Korean energy and telecoms conglomerate SK Group, said Tuesday that its board of directors decided to buy a stake in a Chinese logistics developer for 372 billion won (US$333 million). In a regulatory filing, SK said it will buy some 262 [...]
SEOUL, Jul. 25 (Korea Bizwire) — A North Korean jet airliner for international flights has been grounded for eight months due apparently to the decline of passengers amid international sanctions on North Korea’s continued nuclear and missile tests, a U.S. broadcaster reported Tuesday. One of Air Koryo’s An-148 airplanes, whose flight number is P-672, has [...]
SEOUL, Jul. 19 (Korea Bizwire) — Hyundai Motor Co., South Korea’s largest carmaker by sales, will start operation of its fifth assembly plant in China next month to better meet growing local demand for small vehicles, the company said Wednesday. Beijing Hyundai Motor Co., a 50:50 joint venture set up by Hyundai Motor and Beijing [...]
SEOUL, Jul. 14 (Korea Bizwire) — China’s consumer market that once offered vast opportunities for South Korean exporters has become less penetrable as Chinese firms make goods that compete with imports, industry data showed Friday. Samsung Electronics, which in 2012 ousted Apple Inc. to hold the top market share for smartphones in China, fell to [...]
SEOUL, Jul. 11 (Korea Bizwire) — Doosan Infracore Co., South Korea’s top construction equipment maker, is witnessing robust sales in China’s excavator market as the world’s No. 2 economy increased spending on infrastructure, industry sources said Tuesday. According to the data provided by KB Securities, a total of 62,617 excavators were sold in China in [...]
SEOUL, Jul. 10 (Korea Bizwire) — The number of foreign cruise tourists visiting South Korea has declined sharply in recent months, government data showed Monday, amid a diplomatic row with China over the deployment of a U.S. anti-missile system. China has been banning package tours to South Korea since March as part of its economic [...]
SEOUL, Jul. 9 (Korea Bizwire) — SK Group Chairman Chey Tae-won recently met with government officials in China to discuss possible investments in a variety of business sectors, the company said Sunday. On Friday, SK Chairman Chey had meetings with officials from the Tianjin City to share views on petrochemicals, semiconductors, environment-friendly energy and bio [...]
SEOUL, Jul. 6 (Korea Bizwire) – South Koreans generally have a more severe perception of environmental pollution than their counterparts in China and Japan, a study said Thursday. According to the study by a research team from the University of Utah, South Koreans gave 2.67 points on air pollution on a scale of one to [...]
SEOUL, Jul. 3 (Korea Bizwire) — South Korean carmaker Hyundai Motor Co. said Monday it took the top spot in J.D. Power’s customer satisfaction survey in China this year despite declining sales in the wake of a diplomatic row between the two countries. In 2017, Hyundai Motor took the No. 1 position back in China [...]
SEOUL, Jun. 22 (Korea Bizwire) — The number of foreign residents in South Korea has more than doubled over the past decade, with Vietnamese nationals accounting for the largest portion after China as of last year, government data showed Wednesday. The number of non-Korean citizens totaled 2.05 million as of end-December 2016, up from 910,000 [...]