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China Expands Entertainment Industry while Banning Korean Pop Culture: Data

China Expands Entertainment Industry while Banning Korean Pop Culture: Data

SEOUL, Apr. 13 (Korea Bizwire) — China has been expanding its own entertainment industry while banning imports of South Korean cultural content over a missile row, industry data showed Wednesday. Beijing has imposed economic sanctions on South Korea in recent months as Seoul is pushing ahead with the installment of the U.S. Terminal Altitude Area [...]

Cosmetics, Entertainment Shares Drop amid Korea-China Discord over THAAD

Cosmetics, Entertainment Shares Drop amid Korea-China Discord over THAAD

SEOUL, Nov. 21 (Korea Bizwire) – South Korean shares of cosmetics and entertainment companies closed lower on Monday amid concerns over Chinese state-sanctioned retaliatory measures against Korea’s deployment of an American THAAD battery.  Big-name K-pop producers, including SM (-8.16 percent), YG (-6.9), and JYP Entertainment (-2.79); film distributors and producers such as Showbox (-14.57) and [...]

THAAD Affects Korea’s Stock-Rich Celebrities

THAAD Affects Korea’s Stock-Rich Celebrities

SEOUL, Sept. 12 (Korea Bizwire) – Korea’s entertainment industry has been among the most affected by the government’s recent decision to deploy a THAAD battery, and it has resulted in losses of billions of won for stock-rich celebrities with large stakes in entertainment companies.  According to Chaebol.com, a market research firm, the total stock assets (as [...]

Rumors Spreading of Potential Chinese Restrictions on K-pop Products

Rumors Spreading of Potential Chinese Restrictions on K-pop Products

SEOUL, Aug. 17 (Korea Bizwire) – Unnerving rumors spread across the Korean entertainment industry in the weeks that followed the Korean government’s decision to deploy a THAAD (Terminal High Altitude Area Defense) battery in Seongju, a county in North Gyeongsang Province, with some suggesting that the Chinese government would retaliate by controlling the spread of hallyu (Korean [...]

Entertainment Industry on High Alert against Likely Reprisals from China

Entertainment Industry on High Alert against Likely Reprisals from China

SEOUL, Aug. 2 (Korea Bizwire) – Rumors and speculation that China will retaliate against Korean cultural content for the recent THAAD battery deployment decision is rapidly spreading through the entertainment industry. And although the majority of the rumors have turned out to be false, the industry, which relies heavily on the export of K-pop and [...]