SEOUL, Jan. 13 (Korea Bizwire) – More than half of non-trade barriers set by foreign countries against South Korea came from China, the Seoul government said Friday, stoking concerns about outbound shipments to Seoul’s largest trading partner. Out of 49 non-tariff measures against South Korean goods, Beijing accounted for 26 as of October 2016, the [...]
SEOUL, Jan. 10 (Korea Bizwire) – South Korean cosmetics makers hit 52-week lows on the local stock market Tuesday amid increased concerns over a standoff between South Korea and China over a U.S. missile defense system. AmorePacific Co., the country’s No. 1 cosmetics maker, and other companies dependent on the Chinese market have been under [...]
SEOUL, Jan. 3 (Korea Bizwire) – South Korea’s exports to China increased 9.6 percent on-year last month, following a 0.4 percent gain in November, data showed Tuesday, with industry experts forecasting that outbound shipments to Seoul’s largest trading partner will stay on a recovery track down the road. South Korea’s outbound shipments to China reached [...]
SEOUL, Jan. 2 (Korea Bizwire) – According to recent reports, a Chinese “celebrity blacklist” was found to have included not only entertainers from Hong Kong and Taiwan, but also celebrities from other countries, including Korea, Japan, the U.S., and Australia. Hong Kong-based newspaper Apple Daily reported Sunday that China’s Ministry of Culture issued the blacklist, [...]
SEOUL, Jan. 2 (Korea Bizwire) – South Korea is mulling countermeasures in response to suspicions that China is retaliating against the decision reached with the United States to deploy an advanced anti-missile defense system on its soil, a diplomatic source said Monday. In July, South Korea and the U.S. announced a plan to station a [...]
SEOUL, Dec. 29 (Korea Bizwire) – South Korea’s largest automaker Hyundai Motor Co. and its smaller affiliate Kia Motors Corp. will seek to greatly boost their combined sales in China next year with various new models that will include SUVs, informed sources said Thursday. According to the sources, who spoke on condition of anonymity, the [...]
SEOUL, Dec. 22 (Korea Bizwire) – South Korea made a pitch Thursday for its financial technology, or fintech, in China under the government’s campaign to support related startups here seeking to do business abroad. The state-funded Fintech Center held the “Fintech Demo Day in Beijing” event, joined by five South Korean firms and potential business [...]
BEIJING, Dec. 16 (Korea Bizwire) – South Korea and China have wrapped up their “Visit Korea Year 2016″ campaign in Beijing in a ceremony overshadowed by a diplomatic feud over Seoul’s missile shield plan. South Korean Minister of the Culture, Sports and Tourism Cho Yoon-sun and China National Tourism Administration Chairman Li Jinzao presided over [...]
SEOUL, Dec. 16 (Korea Bizwire) – December 20 will mark the first anniversary of the day that the Korea-China free trade agreement took effect. Although exports of Korean products that had their tariffs lowered thanks to the FTA gradually increased over the year, local industries have yet to take full advantage of the deal. According [...]
DETROIT and SHANGHAI, China, Dec. 7 (Korea Bizwire) — Covisint Corporation (Nasdaq:COVS) today announced that it has signed agreements with Chinese automotive OEMs, SAIC General Motors (SGM) and NextEV to launch supplier engagement platforms for each of their global enterprises. The Covisint platform provides the foundation for SAIC General Motors (SGM) and NextEV to provide [...]