BEIJING, Sept. 7 (Korea Bizwire) – China renewed its opposition on Wednesday to South Korea’s planned deployment of a U.S. advanced missile defense system on its soil, saying that its security interests should be respected. In July, South Korea announced a plan to deploy a Terminal High Altitude Area Defense (THAAD) battery in the country [...]
SEOUL, Sept. 2 (Korea Bizwire) – Hulunbuir in Nei Menggu, China, is distinguished by what is the largest grassland in the country. The region is also known for having the fourth highest level of income nationally. With the latest Korean enterprise in the region, Hulunbuir will soon be marked by its Paradise Department Store, presenting products [...]
SEOUL, Aug. 11 (Korea Bizwire) – North Korea has sold fishing rights in the East Sea to China, in addition to the ones it sold in the Yellow Sea, a government source said Thursday. The source from the intelligence agency said US$75 million coming from these fishing license sales annually goes to North Korean leader [...]
SEOUL, Aug. 10 (Korea Bizwire) – Nearly 6 million Chinese travelers visited South Korea last year, creating an economic ripple effect worth 27.66 trillion won (US$25.28 billion), up three times over the past four years, a report said Wednesday. A total of 5.98 million Chinese nationals visited South Korea in 2015, growing an average of [...]
SEOUL, Aug. 8 (Korea Bizwire) – A group of lawmakers from the main opposition Minjoo Party of Korea (MPK) visited China on Monday for talks with Chinese officials and scholars over the planned deployment of an advanced U.S. anti-missile system to South Korea, a major thorn in the relations between Seoul and Beijing. The six [...]
SEOUL, Aug. 5 (Korea Bizwire) – South Korea is keeping close tabs on the strong-worded media response from China and its possible retaliatory measures against Seoul’s plan to deploy a United States missile defense system on the peninsula, a top diplomat said Friday. Foreign Minister Yun Byung-se, however, emphasized that it is important to work [...]
SEOUL, Aug. 4 (Korea Bizwire) – A Chinese visa agency that handled South Korean business travelers was stripped of its business license, a move that could be seen as a retaliatory measure undertaken by Beijing after South Korea’s decision to deploy an advanced United States missile defense system on its soil, a local source here [...]
SEOUL, Aug. 2 (Korea Bizwire) – Rumors and speculation that China will retaliate against Korean cultural content for the recent THAAD battery deployment decision is rapidly spreading through the entertainment industry. And although the majority of the rumors have turned out to be false, the industry, which relies heavily on the export of K-pop and [...]
SEOUL, July 26 (Korea Bizwire) – South Korean food companies are set to begin official sales of the traditional chicken soup to China as the first shipments to the mainland have recently cleared customs, industry officials said Tuesday. Samgyetang is a traditional chicken soup made with a whole young chicken stuffed with ginseng, sticky rice [...]
HONG KONG, Jul. 7 (Korea Bizwire) – CITIC Telecom International CPC Limited (CITIC Telecom CPC), a wholly-owned subsidiary of CITIC Telecom International Holdings Limited (SEHK: 1883), today announced a four-pillar strategy under the company’s corporate mission – “Innovation Never Stops.” The new strategy aimed at accelerating its Asia Pacific business growth includes new global data [...]