SEOUL, Dec. 17 (Korea Bizwire) – Former national football head coach Hong Myung-bo has joined a Chinese club, becoming the latest South Korean coach in the top-flight Chinese competition. Hangzhou Greentown FC announced that they have signed Hong to a two-year contract, ending weeks of speculation on the coach’s future. He reportedly traveled to the [...]
SEOUL, Dec. 14 (Korea Bizwire) – China’s foreign ministry Monday said “communication issues at the working level” triggered the sudden cancellation of a well-publicized concert by an all-female band formed by the North’s leader Kim Jong-un. But, it gave little away on what the “communication issues” were, why the concert by North Korea’s Moranbong Band, [...]
SEOUL, Dec. 9 (Korea Bizwire) – A free trade agreement between South Korea and China will come into force on Dec. 20, officials said Wednesday, about six months after the two nations formally signed the deal aimed at slashing tariffs and other trade barriers. The South Korean Ambassador to China, Kim Jang-soo, and Chinese assistant [...]
SEOUL, Dec. 4 (Korea Bizwire) - The ratification of a free trade pact with China will give hope to South Korean exporters struggling to expand market presence abroad, the country’s top economic policymaker said Friday. Chairing a fiscal policy meeting in Seoul, Finance Minister Choi Kyung-hwan said that the free trade agreement (FTA) approved by the [...]
SEOUL, Dec. 4 (Korea Bizwire) -South Korea’s plan to open new casino resorts grabbed the attention of many investors eyeing wealthy Chinese clients at first, but the rush has cooled down significantly due to tough requirements and Beijing’s ongoing corruption crackdown, industry officials said Friday. Seoul received applications for two integrated resorts with foreigner-only casinos [...]
SEOUL, Dec. 2 (Korea Bizwire) – Hyundai Motor Co. and its smaller affiliate Kia Motors Corp. saw their sales in China continue to rebound from a deep trough on the back of firm demand for sports utility vehicles and new models, industry data showed Wednesday. The two leading South Korean carmakers sold a total of [...]
SEOUL, Dec. 1 (Korea Bizwire) – The already close economic ties between South Korea and China will receive a further boost from the yuan’s inclusion in the International Monetary Fund’s (IMF) reserve currency basket, local observers said Tuesday. The move, to go into effect on Oct. 1, 2016, is not expected to have an immediate [...]
SEOUL/SEJONG, Nov. 30 (Korea Bizwire) – The ratification of the free trade pact with China is expected to breathe new life into South Korea’s sagging exports and fuel the country’s growth, local observers said Monday. The bilateral free trade agreement (FTA), signed on June 1 and now passed by the National Assembly, will make South [...]
SEOUL, Nov.25 (Korea Bizwire) – Innisfree, the natural cosmetics brand from Amore Pacific, is opening its largest store in China. Amore Pacific announced that the brand will be opening an 8,900 square foot store in Shanghai. This is the largest store among all of Innisfree’s retail locations, and also the largest among all the cosmetics [...]
SEOUL, Nov. 19 (Korea Bizwire) – China expanded its share in the global TV market in the third quarter, narrowing the gap with No. 1 South Korea, industry data showed Thursday. Beijing took up 27.2 percent of the global TV market in the July-September period, up 2.3 percentage points from a quarter earlier, the data [...]