SEOUL, Oct. 19 (Korea Bizwire) – Hyundai Group affiliates Hyundai Motor Company and Kia Motors are rapidly expanding their Chinese operations, and their latest strategy is to target young consumers with green vehicles and SUVs. The Chinese government has grown more sensitive to environmental concerns in recent years, and has set out various policies to [...]
SEOUL, Oct. 18 (Korea Bizwire) – South Korea’s top automotive group Hyundai Motor Group will work to expand its presence in the Chinese market with its overall production capacity there expected to reach 2.7 million vehicles per year in 2018, the automaker said Tuesday. The plan was announced at a ceremony, marking the construction of [...]
SEOUL, Oct. 13 (Korea Bizwire) – China was the biggest buyer of South Korean beauty products, taking up almost half of the country’s cosmetics sold overseas last year, data showed Thursday. According to the data submitted by the Korea Health Industry Development Institute to the National Assembly, China accounted for 41.1 percent of South Korea’s [...]
IRVINE, Calif., Oct. 12 (Korea Bizwire) — VW WIN Century Inc. (OTCQB:VWIN) an Asian and American-owned publicly traded Company, will hold a series of investment seminars focusing on the opportunities for U.S. investors to participate in the growing synergy between American enterprise and Chinese Entrepreneurs. Hosted by the Company’s founder, Dato’ Seri TeikKeng Goh (“Stanley”), [...]
SEOUL, Oct. 11 (Korea Bizwire) – Korean manufacturers of children’s products are rapidly expanding their operations in China, targeting the fast-growing market in a country that recently ended its infamous one-child policy. Zero to Seven is among the companies making a pivot to China with its business centered on children’s clothing brands such as allo [...]
INCHEON, Oct. 11 (Korea Bizwire) – Last Friday, a 4.5-ton speedboat of the South Korean Coast Guard sank after being rammed by one of some 40 Chinese fishing boats that were illegally fishing off the coast of Socheong Island, Incheon. Although no causalities resulted from the incident, there is concern that Korea’s lax approach towards [...]
BEIJING, Sept. 30 (Korea Bizwire) – China voiced its strong objection on Friday to South Korea’s push to place an advanced U.S. missile defense system on its soil, even vowing to take “necessary” action apparently in response to the Seoul government’s decision on the deployment site. “China has made clear its stance on several occasions [...]
SEOUL, Sept. 30 (Korea Bizwire) – North Korea’s exports of coal to China reached a record high on a monthly basis last month despite sanctions imposed following a series of nuclear and missile tests, as the reclusive nation cut prices to boost its shipment to its strongest ally, a report showed on Friday. According to [...]
SEOUL, Sept. 23 (Korea Bizwire) – South Korean companies’ exports of mobile handsets, including smartphones, to China dropped by more than 27 percent in the first eight months of the year from a year earlier amid the rising presence of Chinese rivals there, a report said Friday. According to the Institute for Information & Communications [...]
NEW YORK, Sept. 19 (Korea Bizwire) — Sequential Brands Group, Inc. (Nasdaq:SQBG) and Alibaba Group Inc. (NYSE:BABA) announced today that Martha Stewart will headline Alibaba’s inaugural Tmall Super Kitchen event on September 20, 2016, in Shanghai, China. Martha Stewart’s keynote address will be broadcast live on Alibaba’s media network which includes Youku Tudou, as well [...]