SEOUL, Apr. 17 (Korea Bizwire) — South Korean duty-free shops’ sales fell 19 percent in March from a month earlier due to China’s retaliation against the deployment of a U.S. anti-missile system here, government data showed Sunday. Overall sales in domestic duty-free stores declined to 1.06 trillion won (US$930 million) in March from the previous [...]
SEOUL, Apr. 13 (Korea Bizwire) — The government unveiled a string of measures Wednesday to help the ailing local tourism industry overcome the sharp decline in Chinese visitors in the face of a diplomatic standoff between South Korea and China over a U.S. anti-missile system. The local tourism industry is battered by Beijing’s apparent retaliation [...]
SEOUL, Apr. 13 (Korea Bizwire) — China has been expanding its own entertainment industry while banning imports of South Korean cultural content over a missile row, industry data showed Wednesday. Beijing has imposed economic sanctions on South Korea in recent months as Seoul is pushing ahead with the installment of the U.S. Terminal Altitude Area [...]
SHANGHAI, China, Apr. 11 (Korea Bizwire) — VistaJet, the first and only global aviation company, today announced at the Asian Business Aviation Conference & Exhibition (ABACE) in Shanghai that it is the first international private aviation operator to launch a WeChat sales platform available for instant global fleet access. Aimed at those who frequently charter [...]
SHANGHAI, China and CUPERTINO, Calif., Apr. 10 (Korea Bizwire) — Cellular Biomedicine Group Inc. (NASDAQ:CBMG) (CBMG or the Company), a leading clinical-stage biopharmaceutical firm engaged in the development of immunotherapies for cancer and stem cell therapies for degenerative diseases and GE Healthcare Life Sciences China, today announced that they have established a strategic research collaboration [...]
SEOUL, Apr. 10 (Korea Bizwire) — South Korea’s SK Innovation said Sunday it aims to develop a powerful electric car battery that would enable vehicles to travel 500 kilometers on a single charge by 2020. The energy and chemical business arm of SK Group said it will cope with current business trouble in China through [...]
SEOUL, April 7 (Korea Bizwire) – South Korean retail giant Lotte Group’s Chinese retail operations are facing a protracted business suspension as Chinese authorities are expected to extend punitive measures for an additional month in retaliation for Seoul’s decision to deploy a U.S. missile defense system, industry sources said Friday. According to Lotte, 41 out [...]
WASHINGTON, Apr. 5 (Korea Bizwire) — A majority of Americans support using force against China to defend South Korea or other Asian allies in the event of a military conflict, a survey showed Tuesday. The Pew Research survey, conducted among 1,505 people Feb.16-March 15, found that 58 percent back the use of force against Beijing [...]
SEOUL, April 4 (Yonhap) – Asiana Airlines Inc. said Tuesday it will increase flights on routes to Japan and Southeast Asia in the second quarter to offset lower demand from China. Asiana, the country’s second-biggest passenger carrier by sales, will flexibly respond to sharp declines in inbound Chinese travelers by reducing flights on routes to and [...]
SEOUL, April 4 (Korea Bizwire) – South Korea is closely communicating with the United States on North Korea and other major issues ahead of the upcoming summit talks to be held between the U.S. and China this week, the foreign ministry here said Tuesday. U.S. President Donald Trump is to meet with Chinese President Xi [...]