SEOUL, Feb. 3 (Korea Bizwire) — The supply of facial masks has not met demand in South Korea, with some industry watchers blaming Chinese tourists and merchants for going on a buying binge here to protect themselves from a new coronavirus. South Korea is not an exception to the global phenomenon of people buying face [...]
SEOUL, Jan. 7 (Korea Bizwire) — South Korea’s state-run tourism agency said Tuesday it has attracted a 5,000-strong incentive travel group from a Chinese health food company. The employees of Yi Yong Tang began a six-day trip to tourist attractions in Seoul and Incheon, west of Seoul, on the day, according to the Korea Tourism [...]
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 [...]
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 [...]
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, [...]
SEOUL, Dec. 10 (Korea Bizwire) — Shine Muscat, a grape variety popular in Korea these days, is making inroads in the Chinese market. According to the Ministry of Agriculture, Food and Rural Affairs and the Korea Agro-Fisheries & Food Trade Corp. (aT), exports of Korean grapes reached US$13 million by the end of October this [...]
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 [...]
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 [...]
SEOUL, Nov. 28 (Korea Bizwire) — Hyundai Glovis Co., a logistics unit of Hyundai Motor Group, said Thursday it has set up two joint ventures (JVs) in China to advance into the local secondhand car and shipping markets. Hyundai Glovis and Beijing Changjiu Logistics Co. have formed two separate joint ventures — Beijing Changjiu Glovis [...]
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, [...]