SEOUL, Dec. 7 (Korea Bizwire) – Possible trade friction between the United States and China could deal a blow to South Korea’s exports, a report said Wednesday. There are concerns that U.S. President-elect Donald Trump’s looming protectionist policies could spark trade friction between the world’s two biggest economies. Trump has said he would instruct his [...]
SEOUL, Nov. 24 (Korea Bizwire) – Mr. Kim Man-se is the CEO of a small business in Seoul. He’s been undecided for some time now over which device to buy as his next smart companion. He had initially considered the Galaxy Note 7, but the idea was quickly scrapped following the phablet’s battery crisis. Kim [...]
SEOUL, Nov. 18 (Korea Bizwire) – The latest data compiled by the Ministry of Oceans and Fisheries shows that the quantity of imported marine products has soared following new trade agreements, with the large majority coming from China. As of October, there were 25 marine product items that Korea was obliged to import with low [...]
SEOUL, Nov. 9 (Korea Bizwire) – Hyundai Motor Group affiliate Kia Motors launched Tuesday the second generation K2 in China, making fast inroads into the local auto market. Marketed as the Kia Rio elsewhere, the K2 is a subcompact sedan first introduced there in 2011. The new model, according to Kia, best reflects the needs [...]
SEOUL, Nov. 9 (Korea Bizwire) – South Korea’s top automaker Hyundai Motor Co. said Wednesday that it has agreed to jointly develop connected cars with China’s Guizhou Province. A memorandum of understanding (MOU) for cooperation was signed Tuesday between the South Korean automaker and Guizhou’s provincial government. Under the agreement, the two sides will first [...]
SEOUL, Nov. 1 (Korea Bizwire) – South Korea is considering blacklisting a Chinese firm suspected of being involved in illicit deals with North Korea as part of efforts to prevent money from flowing into the communist state that is defiantly pursuing a nuclear weapons program, government sources said Tuesday. The Seoul government is currently reviewing [...]
SEOUL, Oct. 25 (Korea Bizwire) – The Chinese government has been moving to tighten regulations on cheap tour packages, raising concerns among South Korean businesses relying on the biggest source of travel income, industry officials said Tuesday. Earlier this month, the China National Tourism Administration (CNTA) said it will closely look into “irrationally” cheap travel [...]
SEOUL, Oct. 21 (Korea Bizwire) – South Korean exports to China fell 9 percent on year last month, marking the 15th straight month of decline, data showed Friday, spawning worries that the country’s overseas shipments to the neighboring country may not recover any time soon. Shipments to China stood at US$10.96 billion in September, compared [...]
MOKPO, South Korea, Oct. 21 (Korea Bizwire) – The captain of a Chinese fishing boat that caught fire during an inspection by the South Korean Coast Guard last month has been indicted over obstruction of justice and professional negligence resulting in injuries, South Korean prosecutors said Friday. The 102-ton Chinese vessel with a 14-member crew [...]
SEOUL, Oct. 21 (Korea Bizwire) – China is experiencing another baby boom generation after repealing its infamous one-child policy, and the change is proving to be a boon for Korean firms hoping to make inroads in the Chinese market for baby food products. The Korea Agro-Fisheries & Food Trade Corporation (aT) recently launched an online [...]