SEOUL, July 6 (Korea Bizwire) — During the past six years of Beijing’s pressure on Seoul regarding the latter’s hosting of a U.S. THAAD anti-missile system, South Korean conglomerates have witnessed shrinking sales at their Chinese subsidiaries, a corporate tracker said Wednesday. CEO Score analyzed sales reports of 113 Korean companies in China, which revealed [...]
SEOUL, June 26 (Korea Bizwire) — South Korea’s gaming industry is accelerating its entry into the Chinese market, following the Chinese government’s grant of a series of game service licenses to Korean-made games since late last year. China has been reluctant to approve South Korean video games, seemingly as an economic retaliation against Seoul due [...]
SEOUL, June 23 (Korea Bizwire) — Amid a recent statement at the National Assembly by a ruling party leader vowing to prevent Chinese individuals from exploiting South Korea’s national health insurance, communities in China have been found to be sharing tips on how to take advantage of the system. A YouTube video created by a [...]
SEOUL, June 20 (Korea Bizwire) – A majority of Koreans show little trust in China amid the deepening of Seoul-Beijing conflict following a controversial remark made by China’s Ambassador to South Korea Xing Haiming, a poll showed Monday. According to a survey conducted by a civic media group Barun Media Citizen Action, among Korean adults aged [...]
SEOUL, June 14 (Korea Bizwire) — South Korea and China have agreed to boost cooperation in curbing illegal fishing by Chinese boats in the East Sea, the oceans ministry said Wednesday. Under an agreement reached during a three-day working-level meeting last week, South Korea will swiftly inform China of suspected illegal fishing in the North [...]
SEOUL, June 14 (Korea Bizwire) — The latest South Korea-China spat prompted by China’s top envoy to Seoul highlights the dilemma posed to South Korea in striking a balance in relations between both the United States and China in the wake of the hardening rivalry between the two major powers. Tensions flared up last week [...]
SEOUL, June 1 (Korea Bizwire) — Hyundai Motor Group said Thursday it has completed its first overseas hydrogen fuel-cell systems plant in China in a move to make inroads into the local hydrogen vehicle market. In March 2021, Hyundai Motor began construction of the HTWO Guangzhou hydrogen fuel-cell systems plant with an annual capacity of [...]
SEOUL, May 29 (Korea Bizwire) – Passenger travel on Korea-Chinese routes stayed at 13 percent of pre-pandemic levels in the January-April period in contrast with a rapid recovery in other Asian routes, the transport ministry said Monday. In the first four months, the number of passengers on the routes between the two countries stood at [...]
SEOUL, May 25 (Korea Bizwire) — South Korea’s top steelmaker POSCO Holdings Inc. said Thursday it has dedicated a “giga steel” processing plant in eastern China in a bid to meet future demand for the steel product. The plant, located at its Chinese processing center in Suzhou in Jiangsu province, is aimed at preempting the [...]
WASHINGTON, May 23 (Korea Bizwire) — South Korea has asked the United States to review the latter’s proposed limit on the expansion of production by South Korean semiconductor manufacturers in China, a U.S. public notice showed Tuesday. The request comes about two months after the U.S. Department of Commerce said the U.S. CHIPS and Science [...]