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Tourists from Well-off Regions in China Returning to S. Korea

Tourists from Well-off Regions in China Returning to S. Korea

SEOUL, Dec. 24 (Korea Bizwire) — Chinese visitors from Shanghai, Guangdong Province, and economically advanced areas in China coming to South Korea have surged in number. Diplomatic sources argue that travel exchanges between China and South Korea are on the verge of recovery as China is gradually lifting its travel restrictions to South Korea originally [...]

China Biggest Buyer of Korean Cosmetics in 2018

China Biggest Buyer of Korean Cosmetics in 2018

SEOUL, Dec. 17 (Korea Bizwire) — China was the biggest buyer of South Korean beauty products last year, accounting for more than 60 percent, a report showed Tuesday. The report compiled by the Korea International Trade Association (KITA) showed that 65.6 percent of outbound shipments of locally made cosmetics products headed to China, Hong Kong [...]

Japan Threatens to Overtake S. Korea in China’s Cosmetics Market

Japan Threatens to Overtake S. Korea in China’s Cosmetics Market

SEOUL, Dec. 12 (Korea Bizwire) — Japan is threatening to overtake South Korea’s No. 1 status in China’s imported cosmetics market this year, industry data showed Thursday, mainly on the back of the growing popularity of low- to mid-priced “J-beauty” products. Japanese companies accounted for 25.2 percent of China’s imported cosmetics in the January-October period, [...]

S. Korean Cosmetics Brands Attract Discerning Chinese Consumers

S. Korean Cosmetics Brands Attract Discerning Chinese Consumers

SEOUL, Dec. 6 (Korea Bizwire) — As more Chinese consumers are taking an interest in the components contained in cosmetic products, South Korean cosmetic brands are infiltrating the Chinese market using their reputation for using ‘good recipes’. Venndata, a Chinese market research agency, reported that 45 percent of Chinese consumers were found to purchase cosmetics [...]

SK Joins Hands with Chinese Investment Firm to Create 1 tln Won Fund

SK Joins Hands with Chinese Investment Firm to Create 1 tln Won Fund

SEOUL, Dec. 3 (Korea Bizwire) – South Korean energy and telecom conglomerate SK Group plans to join hands with  Chinese private equity firm Hillhouse Capital Group to create a mutual fund worth 1 trillion won (US$843 million) for investment in the Chinese food industry. SK China, SK’s Chinese unit, held a board meeting recently and passed [...]

Clash over Hong Kong Protests Spreads to Korean Universities

Clash over Hong Kong Protests Spreads to Korean Universities

SEOUL, Nov. 13 (Korea Bizwire) — The Chinese government is resorting to violent measures to neutralize Hong Kong protesters calling for democracy. The clash is also spreading throughout universities in South Korea, where banners in support of democracy in Hong Kong are being put up and taken down by supporters and their opposition. Since Monday, [...]