XI’AN, China, Apr. 28 (Korea Bizwire) — Advanced Energy Industries, Inc. (Nasdaq:AEIS) today announced the grand opening of a service center in Xi’an, China. Situated in central China, in the Xi’an high-tech district, the bonded facility for service and repair operations expands the company’s global footprint to support semiconductor manufacturing growth in China. The new [...]
BEIJING, April 27 (Korea Bizwire) – A massive amount of South Korean foods and cosmetics were denied import approval in China last month, sources said Thursday, as diplomatic tensions between the two countries deepened over the ongoing deployment of a high-tech U.S. missile defense system in South Korea. China’s General Administration of Quality Supervision, Inspection [...]
SEOUL, Apr. 25 (Korea Bizwire) — The Chinese Cultural Center in Seoul opened an exhibition Monday to shed light on ancient cultural exchanges through the Silk Road and sophisticated Buddhist art that flourished along the trade route linking Asia and Europe. “The Silk Road: Reflection of Mutual Learning — Dunhuang Art Archive Exhibit” showcased some [...]
SEOUL, Apr. 25 (Korea Bizwire) — The amount of squid caught in the East Sea now has been slashed to only one-third of 2004 levels, as thousands of Chinese fishing boats have started operating in North Korean waters, government data showed Monday. Squid are caught by Chinese vessels in the northern part of the East [...]
SEOUL, Apr. 21 (Korea Bizwire) — Losses incurred by South Korean retail chain Lotte Mart from business suspensions in China are being compounded by salary payments to local employees, industry sources said Thursday. Lotte Mart, a highly successful affiliate of Lotte Group, had to temporarily close 74 of its 99 shops in China in February [...]
SEOUL/BEIJING, Apr. 21 (Korea Bizwire) — South Korea’s foreign ministry said Thursday that it is working to confirm reports that Chinese leader Xi Jinping told U.S. President Donald Trump that Korea “used to be a part of China.” “We are working to confirm the reports through diverse diplomatic channels including the United States and China,” [...]
SEOUL, April 20 (Korea Bizwire) – Chinese online shoppers’ direct purchases from South Korea have not waned despite Beijing’s economic retaliations against Seoul, the latest statistics showed Thursday. According to the Beijing office of the Korea Trade-Investment Promotion Agency (KOTRA), South Korean products accounted for 13.6 percent of direct overseas purchases through China’s Tmall, the [...]
SEJONG, Apr. 19 (Korea Bizwire) — The International Monetary Fund (IMF) on Tuesday raised its forecast for South Korea’s economic growth this year to 2.7 percent thanks to clear signs of a turnaround in the global economy. The latest forecast is up 0.1 percentage point from the 2.6 percent growth the agency estimated in its [...]
SEOUL, April 18 (Korea Bizwire) – South Korean companies doing business in China felt that current business conditions in the neighboring country have become the worst ever, due largely to toughened restrictions and market competition, a report showed Tuesday. The business sentiment index (BSI), a gauge of some 218 local companies’ assessment on business climate [...]
SEOUL, Apr. 17 (Korea Bizwire) — South Korean pop culture businesses have been seriously hurt by China’s retaliation against South Korea’s deployment of a U.S. anti-missile system, with more than 30 such cases reported over the past month alone, the culture ministry said Sunday. “A total of 31 damage cases were reported between March 16, [...]