SEOUL, Sept. 3 (Korea Bizwire) — South Korean manufacturers of car batteries are anticipated to benefit from Beijing’s latest move to cut subsidies provided to Chinese companies, industry watchers said Monday. Chinese-based electric car battery maker OptimumNano Energy recently announced that it will suspend its production line for six months citing financial problems. BYD, China’s [...]
SEOUL, Aug. 20 (Korea Bizwire) — China accounted for more than 30 percent of Samsung Electronics Co.’s overall sales over the January-June period, industry data showed Monday, emerging as the company’s largest market and outpacing the American continents for the first time. The South Korean tech giant, which posted sales of 83.9 trillion won (US$74.6 [...]
SEOUL, March 23 (Korea Bizwire) – Korean food products are turning out to be hugely popular in the Chinese market, and exports of processed foods have almost doubled over the past five years. Korean processed food exports are now worth almost five percent of the Chinese imported food market. According to a report issued by [...]
SEOUL, March 9 (Korea Bizwire) – South Korean powdered milk producers are in the midst of expanding their foothold in China, seeking to cash in on the growing popularity of imported dairy products among the increasingly health-conscious Chinese consumers, industry officials said Wednesday. The Korean milk companies also view the vast Chinese market as a [...]
SEOUL, Feb.16 (Korea Bizwire) – Apple’s Apple Pay mobile payment service will launch in China on February 18. Samsung is hoping to follow shortly with its Samsung Pay service, and is currently wrapping up negotiations with Chinese partners, adding a sense of tension to the Chinese mobile payment market. According to Chinese media, Apple Pay [...]
SEOUL, Dec. 2 (Korea Bizwire) – Korean management agency KeyEast and Pandakorea.com, which sells Korean products to foreigners, have joined hand in hand to expand their business in the Chinese market. The star agency for many Korean actors and actresses including Kim Su-hyun, Bae Yong-jun and Han Ye-seul decided to invest 3.3 billion won, equivalent to [...]