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China Renews Opposition to South Korea’s THAAD Deployment

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 [...]

Department Store Offering Korean Products and Culture to Open in China’s Largest Grassland City

Department Store Offering Korean Products and Culture to Open in China’s Largest Grassland City

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 [...]

Economic Effects from Chinese Tourists Triple over past 4 Years: Report

Economic Effects from Chinese Tourists Triple over past 4 Years: Report

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 [...]

Beijing Revokes Visa Agency License of Chinese Firm That Catered to S. Korean Biz Travelers

Beijing Revokes Visa Agency License of Chinese Firm That Catered to S. Korean Biz Travelers

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 [...]

Entertainment Industry on High Alert against Likely Reprisals from China

Entertainment Industry on High Alert against Likely Reprisals from China

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 [...]

CITIC Telecom CPC Accelerates Business Expansion with Four-Pillar Strategy Reinforcing its Innovation Mission

CITIC Telecom CPC Accelerates Business Expansion with Four-Pillar Strategy Reinforcing its Innovation Mission

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 [...]