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National Assembly Steps Up to Restrict Foreigners from Buying Real Estate

National Assembly Steps Up to Restrict Foreigners from Buying Real Estate

SEOUL, July 28 (Korea Bizwire) — South Korean politicians are stepping up to address concerns over Chinese nationals purchasing real estate in the country. China, under a communist regime, strictly forbids South Koreans from purchasing real estate in their territory. On the other hand, South Korea has barely any restrictions on real estate purchases by [...]

Young Korean-Chinese Participate in Economic Activities Earlier than Their Local Peers

Young Korean-Chinese Participate in Economic Activities Earlier than Their Local Peers

SEOUL, May 6 (Korea Bizwire) — 7 out of 10 young ethnic Koreans of Chinese nationality living in South Korea are engaged in economic activities, research showed Wednesday. Most of them work in the mining, manufacturing, wholesale, retail, and lodging industries, which have low employment barriers or are not popular among their Korean peers. The [...]

Chinese Electric Bus Manufacturers Set Up Shop in S. Korea

Chinese Electric Bus Manufacturers Set Up Shop in S. Korea

SEOUL, April 16 (Korea Bizwire) — Chinese electric bus manufacturers are scrambling to secure production plants in South Korea. Sources said that three South Korean companies in charge of the exclusive distribution of Chinese electric buses are working with Chinese firms to set up production facilities for electric buses. It is the first time for [...]

Chinese Netizens Call for Boycott of ‘Running Man’

Chinese Netizens Call for Boycott of ‘Running Man’

SEOUL, Dec. 8 (Korea Bizwire) — “Running Man,” a long-running SBS TV’s variety show enjoying pan-Asia popularity, is being criticized by some Chinese netizens for violating the country’s official ‘One China’ policy. The latest episode of the show was based on the South Korean board game “Blue Marble” that enjoyed huge popularity in the nation, [...]

Chinese Account for Majority of Health Insurance Benefits for Foreigners

Chinese Account for Majority of Health Insurance Benefits for Foreigners

SEOUL, Oct. 21 (Korea Bizwire) — Among foreigners who received South Korean health insurance benefits over the past five years, Chinese people accounted for more than two thirds of the total. For cases of illegal health insurance coverage that happened during the same period, the clawback amount remained low at less than 50 percent. According [...]

Over 50 pct of Purchase Subsidies for Electric Two-wheelers Given to ‘Made in China’ Products

Over 50 pct of Purchase Subsidies for Electric Two-wheelers Given to ‘Made in China’ Products

SEOUL, Oct. 8 (Korea Bizwire) — More than half of the purchase subsidies that the South Korean government disbursed for purchases of electric two-wheelers last year turned out to be for ‘Made in China’ products. Rep. Kim Sung-whan, a lawmaker of the ruling Democratic Party, said on Wednesday during the parliamentary inspection of the Ministry [...]

China’s Hidden Face Unveiled amid Controversy over K-pop Star’s ‘Mao’ Comment

China’s Hidden Face Unveiled amid Controversy over K-pop Star’s ‘Mao’ Comment

SEOUL, Aug. 27 (Korea Bizwire) — Chinese netizens have been posting a string of offensive messages on the Instagram account of K-pop diva Lee Hyo-ri. On MBC TV’s weekend variety show “Hang Out With Yoo” that aired last Saturday, Lee proposed to use ‘Mao’ in the process of picking her nickname. Thereafter Chinese netizens started [...]