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Chinese Account for 62 pct of Apartment Purchases by Foreigners Since 2015

Chinese Account for 62 pct of Apartment Purchases by Foreigners Since 2015

SEOUL, Oct. 10 (Korea Bizwire) — Chinese nationals accounted for over 60 percent of apartment purchases by foreign nationals in South Korea since 2015, a government report showed Monday. According to the land ministry report submitted to Rep. Yang Kyung-sook of the main opposition Democratic Party, the number of apartment purchase deals of Chinese nationals [...]

Chinese Products See Growing Presence in S. Korean Solar Energy Market

Chinese Products See Growing Presence in S. Korean Solar Energy Market

SEOUL, Sept. 19 (Korea Bizwire) — The proportion of Korean-made parts dropped while Chinese-made parts increased in the domestic solar power market in the last five years, data showed Sunday. The proportion of Korean-made solar modules stood at 68 percent as of June this year, down by 5 percentage points from 2017, according to data [...]

Two Chinese Indicted for Illegally Sending Korean Broadcasting Content Abroad

Two Chinese Indicted for Illegally Sending Korean Broadcasting Content Abroad

SEOUL, May 26 (Korea Bizwire) — The Daejeon District Public Prosecutors Office said Wednesday it had indicted two Chinese individuals in collaboration with the Ministry of Culture, Sports and Tourism for illegally sending Korean broadcasting content abroad over the past six years. Among them, the one who was arrested in South Korea was indicted with [...]

Chinese Fan Club Shuts Down After Korean Celebrity Talks About Beijing Olympics

Chinese Fan Club Shuts Down After Korean Celebrity Talks About Beijing Olympics

SEOUL, Feb. 23 (Korea Bizwire) — As anti-Chinese, anti-Korean sentiment is reaching extreme levels following the Beijing Winter Olympics, a Chinese fan club for South Korean comedian Yoo Jae-suk suddenly announced that is was shutting down. The ‘Yoo Jae-suk Universe’ fan club announced on the Chinese social media platform Weibo last Sunday that the fan [...]

Korean Food Companies Join Hands to Sue Chinese Imitators

Korean Food Companies Join Hands to Sue Chinese Imitators

SEOUL, Jan. 5 (Korea Bizwire) — South Korean food producers are stepping up to address the growing distribution of copycat products in China. The Korea Food Industry Association established a consortium of food producers to file a lawsuit against Qingdao Taeyangcho Food Co. and Zhengdao Food Co., the two largest K-food imitation producers in China, [...]

Chinese Fishing Boats Sweep Up Everything, Stoking Concerns About the Depletion of Fisheries Resources

Chinese Fishing Boats Sweep Up Everything, Stoking Concerns About the Depletion of Fisheries Resources

JEJU, Nov. 25 (Korea Bizwire) — Concerns are growing that illegal fishing by Chinese vessels is decimating fisheries resources in the waters off Jeju Island. The Korean Coast Guard recently intercepted a Chinese flagged fishing boat (149 ton, 18 crew members) that was illegally using a net with 7-millimeter mesh, far tighter than the legal [...]

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 [...]