BEIJING, June 2 (Korea Bizwire) – China said Thursday it opposes unilateral sanctions by a certain country against North Korea, reacting coolly to a U.S. decision that designated North Korea as a “primary money laundering concern” with the aim of blocking the North’s access to the global financial system. The designation by the U.S. Treasury [...]
SEOUL, June 2 (Korea Bizwire) – South Korea on Thursday welcomed the U.S.’ move to designate North Korea as a “primary money laundering concern,” saying that it indicates Washington’s strong commitment to faithfully carry out the toughened sanctions on the communist country for its nuclear weapons program. The foreign ministry vowed to keep working closely [...]
BEIJING/SEOUL, May 31 (Korea Bizwire) – Ri Su-yong, vice chairman of the North Korean ruling Workers’ Party of Korea, arrived in Beijing Tuesday in the first visit by a ranking official since Pyongyang’s defiant fourth nuclear test in January that soured bilateral relations. Ri arrived in the Chinese capital with a large entourage of officials [...]
CHEONGJU, May 30 (Korea Bizwire) – The city of Cheongju is hosting a forum in June where chopstick experts from Korea, China, and Japan will gather. The city hosted the world’s first Chopsticks Festival last year and it plans to present its second this coming November. The representatives of the three countries will discuss cooperative issues [...]
SEOUL, May 27 (Korea Bizwire) – South Korean music company YG Entertainment on Friday said it has attracted 100 billion won (US$85 million) in investment from the Chinese online giant Tencent and mobile ticketing service, Beijing Weiying Technology Co. YG said its CEO Yang Min-suk will sign an investment deal with Suman Wang, who is in [...]
SEOUL, May 27 (Korea Bizwire) – North Korean leader Kim Jong-un has instructed North Koreans using Chinese mobile phones to be punished for treason in order to fend off defections and internal information leaks to the outside world, a Seoul-based news outlet specializing in North Korea reported Friday. “Kim Jong-un recently issued an order to [...]
GUIYANG, CHINA, May 26 (Korea Bizwire) – At the 2016 International Big Data Expo and Global Big Data Era Summit in Guiyang, Brocade (NASDAQ: BRCD) and Guiyang High-Tech Industrial Investment Group Co., Ltd (HTII), today announced the signing of a joint venture agreement to establish Guizhou Huiling Technology Co., Ltd. (GHTC). The joint venture combines [...]
BEIJING, May 27 (Korea Bizwire) – Chinese President Xi Jinping inspected troops in the northeastern province of Heilongjiang, near the sensitive border with its traditional ally, North Korea, according to China’s state media on Friday. Xi inspected senior military officials and soldiers stationed in Harbin, Heilongjiang’s capital, and an outpost on Tuesday and Wednesday, and [...]
SEOUL, May 27 (Korea Bizwire) – Samsung Electronics Co. showcased the Galaxy C5 and C7 smartphones in China on Thursday, in line with its efforts to speed up sales of budget handsets around the globe. The 5.2-inch Galaxy C5 and 5.7-inch Galaxy C7 boasts super active mode organic light-emitting diode (AMOLED) displays with metal bodies. [...]
SEOUL, May 26 (Korea Bizwire) – A patent suit by China’s Huawei Technologies Co. against Samsung Electronics Co. is part of a “deft and sophisticated” strategy to raise its image as a global firm, a Korean government minister said on Thursday. The Chinese tech giant has filed a suit against its Android smartphone rival Samsung with courts in [...]