SEOUL, Jun. 25 (Korea Bizwie) — South Korean cosmetic maker Tonymoly said Thursday it will expand its investment in China after a market debut next month, to tap deeper into the fast-growing beauty market. Tonymoly, the nation’s seventh-largest cosmetic brand by 2014 sales, has posted a double-digit growth since its establishment in 2006 and has [...]
SEOUL, Jun. 25 (Korea Bizwire) — South Korean broadcaster SBS said Thursday it will co-produce the Chinese remake of its reality survival show “The Law of the Jungle” with a Chinese partner for broadcast in October. First aired in 2011, “The Law of the Jungle” is a popular reality-documentary show on SBS in which a [...]
TIANJIN, China, Jun. 24 (Korea Bizwire) — Lower costs, better international integration and wider investment opportunities – the draw that’s wooing new firms to the Binhai Central Business District. This innovative platform means the financial services sector at one of China’s next-generation Free Trade Zones is seeing soaring activity. “The CBD has an unprecedented historic [...]
SEOUL, Jun. 11 (Korea Bizwire) — Chinese solar power company CNPV signed an agreement to develop 300 billion won (US$ 270 million) plant facilities for solar cell and module production in Saemangeum, on June 10 at an investment briefing in Yeouido. CNPV’s ‘Greenfield’ investment is the largest investment in Korea from a Chinese company. According [...]
SEOUL, Jun. 4 (Korea Bizwire) — Foreigners who had travel plans in Korea are increasingly canceling their reservations. According to the Korea Tourism Organization on June 3, the number of tour program cancelations jumped 180 percent from 2,500 on June 1 to 7,000 on June 2. The number of hotel reservations for July and August [...]
SEOUL, Jun. 2 (Korea Bizwire) — Korean exports in dollar value decreased 10.9 percent in May from the same period last year, due to the weakening Yen, slowing economies in the U.S. and China, a loss of competitiveness for Korean companies, and low oil prices. Korean exports have decreased for five months in a row, [...]
BEIJING, May 21 (Korea Bizwire) — South Korea was ranked as the second-most popular destination for Chinese Internet users buying high-quality goods via cross-border e-commerce platforms, a survey showed Thursday. The survey, conducted by a Chinese research institute named i-research and commissioned by the Chinese unit of South Korea’s Korea Trade and Investment Promotion Agency [...]
SEOUL, May 18 (Korea Bizwire) — South Korea has suffered a growing deficit in the trade of kimchi, the traditional Korean side dish, in the past few years due to the influx of Chinese products, data showed Sunday. The deficit stood at US$84.09 million over the past five years in April, according to the statistics [...]
SEOUL, May 17 (Korea Bizwire) — LG Chem Ltd., South Korea’s leading chemical and battery maker, said Sunday that it has signed a deal to supply electric vehicle batteries to a major SUV company in China. Under the deal signed with Great Wall Motor, LG Chem will supply batteries for plug-in electric SUV models that [...]
SEOUL, May 15 (Korea Bizwire) — Kia Motors is unfolding a new CSR project to improve the health of Chinese children in remote, rural areas, by remodeling kitchens and cafeterias at schools in these areas. On May 14, the company held an opening ceremony at Dazhangzi Elementary School in the city of Chengde, Hebei, whose [...]