SEOUL, Sept. 18 (Korea Bizwire) — Prosecutors said Thursday they have indicted 10 people on charges of leaking component blueprints of Hyundai Motor Co., the country’s top carmaker, for the development of a Chinese automobile. The Seoul Central District Prosecutor’s Office said a 30-year-old man, identified only by his surname Cho, is suspected of siphoning [...]
SEOUL, Sept. 17 (Korea Bizwire) – The story of two youngsters in China who attempted to sell their kidneys in order to buy the new iPhone is the hottest thing on Chinese social media these days. The absurd story started when Apple started to accept pre-orders for the new iPhone 6s. Wu, a teenager who [...]
BEIJING, Sept. 16 (Korea Bizwire) — LG Display Co., a South Korean maker of flat panels used in televisions and other products, said Wednesday that it will forge cooperation with Chinese TV makers to expand sales of larger organic light-emitting diode (OLED) display panels. Eddie Yeo, president of LG Display’s OLED business division, made the [...]
SEOUL, Sept. 11 (Korea Bizwire) – When an investor asks a researcher at a brokerage firm about market conditions right after the opening of the Korean stock market, the researcher usually replies, “The market direction will be clearer after 10:30 (the time when China’s stock market opens in Korea).” This phenomenon shows that the Chinese [...]
SEOUL, Sept. 8 (Korea Bizwire) – As the prospect that China will go through a much more severe economic slowdown than expected is spreading, concerns about the impact this will have on the Korean economy are growing. Korea has a bigger dependency on China compared to other countries. According to a report issued by The [...]
BEIJING, Aug. 28 (Korea Bizwire) — The upcoming attendance of President Park Geun-hye at China’s World War II Victory Day military parade is a sovereign decision of South Korea, Chinese state-run media and a Chinese expert said on Thursday. Park’s decision to attend the Sept. 3 parade marking the 70th anniversary of the end of [...]
CHEONGJU, South Korea, Aug. 3 (Korea Bizwire) — A chopstick-themed cultural festival, the first of its kind around the globe, will kick off in this provincial city in November, organizers said Monday, as part of a project to enhance cultural exchanges among three nations in the Northeast Asian region. Under a joint cultural project, South [...]
SEOUL, July 29 (Korea Bizwire) – Among the Koreans, Chinese and Japanese citizens that travel abroad, it was revealed that Koreans traveled most frequently, Chinese spent the most money and Japanese went to faraway places most often. Visa card reported the results of its ’2015 Visa Survey on Travel Plans’, in which 13,603 people from 25 [...]
SEOUL, July 29 (Korea Bizwire) – The share of Samsung Electronics dropped to a one digit number, ranking fifth in the Chinese smartphone market. The Chinese brands Xiaomi and Huawei ranked first and second, with Apple coming in next. According to the Chinese branch of IHS Technology, a market research institution, the market share of Samsung Electronics decreased to 9 [...]
Shanghai, July 24 (Korea Bizwire) – With the prevalence of Korean and American reality shows in China, the Chinese government issued guidelines to develop reality show formats that contain “the core values of socialism.” Even though the Chinese versions of Korean reality TV shows such as ‘Where are we going dad’, ‘Running man’ and ‘I [...]