SEOUL, May 18 (Korea Bizwire) — Samsung Electronics Co.’s sales in China halved in the first quarter due to plummeting semiconductor demand and an increase in domestic parts supply. The world’s largest memory chip and smartphone manufacturer reported a 46.7 percent decrease in China sales for the January-March period compared to last year, amounting to [...]
SEOUL, May 12 (Korea Bizwire) – The head-on crash between South Korea and China in the display market is evolving into legal disputes. According to the website of the Intermediate People’s Court of Chongqing Municipality, China-based BOE Technology Group Co. recently filed several lawsuits against the Chinese units of Samsung Electronics Co. and Samsung Display [...]
SEOUL, April 30 (Korea Bizwire) — South Korea recorded the biggest fall in exports to China among major exporters to the country in the first quarter, China’s trade data showed Sunday. Exports to China plunged 28 percent in the first quarter from a year earlier due mainly to a sharp decline in semiconductor shipments, the [...]
SEOUL, April 24 (Korea Bizwire) — China on Monday reiterated its call for South Korea to adhere to the “One China” policy amid a growing diplomatic spat between the two neighbors over Taiwan. The two countries have traded harsh words since President Yoon Suk Yeol last week expressed opposition to any attempts to alter the [...]
SEOUL, April 24 (Korea Bizwire) — Hankook Tire & Technology Co., the world’s seventh-largest tiremaker by sales, said Monday it has started supplying tires for Chinese electric vehicle startup Leap Motor’s SUV model. Hankook Tire has been providing the high-performance Ventus S1 Evo3 ev product to Leap Motor’s C11 since the first quarter in the [...]
SEOUL, April 19 (Korea Bizwire) — Hyundai Mobis Co., South Korea’s leading auto parts maker, said Wednesday it is targeting to win US$1 billion worth of orders in China this year, with the focus on high-end components for electric vehicles. Hyundai Mobis achieved $900 million worth of auto parts orders in the world’s biggest automobile [...]
SEOUL, April 7 (Korea Bizwire) — A professor at the Korea Advanced Institute of Science and Technology (KAIST) who received a suspended prison sentence for leaking self-driving car technology to China is set to appeal the verdict after a year and eight months. The case was severely criticized by lawmakers during a parliamentary audit of [...]
SEOUL, April 5 (Korea Bizwire) — The foreign ministry started a special envoy tasked with finding and sharing ‘good stories’ about the two countries as Seoul and Beijing facing deteriorating public relations towards one another. The South Korean embassy in Beijing on Tuesday organized a special envoy comprised of 10 South Korean nationals with outstanding [...]
SEOUL, March 29 (Korea Bizwire) — While exports to China were once behind South Korea’s largest trade surplus with a foreign country, Beijing is now the source of Seoul’s largest trade deficit, a state-run trade agency said Tuesday. South Korea’s trade balance with China was a deficit of US$3.9 billion in January, with China becoming [...]
SEOUL, March 27 (Korea Bizwire) — Korean Air resumed regular late-night flights between Incheon International Airport, the gateway to Seoul, and Tokyo’s Haneda International Airport on Monday, three years after they were suspended due to COVID-19. The flight departs from Haneda at 2 a.m. and arrives at Incheon at 4:35 a.m. seven times a week, [...]