SEOUL, Jan. 29 (Korea Bizwire) - Samsung Electronics Co. saw its presence in the Chinese smartphone industry fall on-year in 2015, data showed Friday, as local players continued to garner larger slices of the market. The South Korean tech giant, which stood as the No. 3 player in the Chinese market in the fourth quarter of [...]
SEOUL, Jan.18 (Korea Bizwire) – China’s Haier Group, which just inked a deal to take over General Electric’s appliance business, is entering the Korean market with a bang, offering what it calls a ‘half-price TV’. According to industry reports, Haier Korea launched a 32-inch HD LED model through its MOOKA TV brand, an online exclusive, [...]
SEJONG, Jan. 18 (Korea Bizwire) – South Korea’s finance minister called Monday for preemptive measures to block any fallout from economic uncertainties including a Chinese slowdown. “Earlier than expected, external downside risks stemming from China are drawing nearer,” Finance Minister Yoo Il-ho was quoted as telling a meeting of senior ministry officials. “We have to [...]
Tzuyu of the multinational K-pop group TWICE will temporarily suspend her activities in China after waving the Taiwanese national flag in an online broadcast, her agency said Thursday. (Image : Yonhap) SEOUL, Jan. 14 (Korea Bizwire) - Tzuyu of the multinational K-pop group TWICE will temporarily suspend her activities in China after waving the Taiwanese national flag [...]
SEOUL, Jan.11 (Korea Bizwire) – ‘Pre-Produced Dramas’ are the new trend in the Korean drama industry. The reason for the change is the Chinese market, which requires content that is entirely pre-produced. As a result, most of the pre-produced dramas are starring Hallyu stars who are popular in the Chinese market. Song Joong-gi (31) and [...]
SEOUL, Jan.7 (Korea Bizwire) – Chinese electronics, which have often been thought of as cheap in price, but also in quality, have moved into the spotlight. Sales of Chinese smartphones and small smart devices are on a rapid rise due to reasonable prices and decent performance. Two Chinese manufacturers, Xiaomi and Huawei, are leading the [...]
SEOUL, Jan. 6 (Korea Bizwire) – South Korean girl group EXID will sign with an agency owned by the son of China’s richest man next week, the group’s management agency said Wednesday. The five-member group will sign a memorandum of understanding with Banana Project on Monday, Yedang Company said. Banana Project is owned by Wang [...]
SEJONG, Dec. 23 (Korea Bizwire) - Foreign direct investment (FDI) in South Korea surpassed the US$15 billion mark this year for the first time ever, driven by a free trade pact with China and more favorable business conditions, the government said Wednesday. As of Tuesday, the amount of FDI that arrived in the country reached $15.19 [...]
SEJONG, Dec. 21 (Korea Bizwire) - Free trade pacts between South Korea and three of its trading partners – China, Vietnam and New Zealand – went into effect Sunday, raising hopes they could boost trade and economic growth, the government said. The Ministry of Trade, Industry and Energy said all three free trade agreements (FTA) that were signed and ratified earlier in the year went [...]
SEOUL, Dec. 18 (Korea Bizwire) – South Korea’s top tech firm Samsung Electronics Co. said Friday it has agreed with China’s credit card operator UnionPay Co. to cooperate in promoting its new mobile payment system in the Chinese market. Under the deal, the two firms will aim to release Samsung Pay in the first half [...]