SHANGHAI, China, Jul. 9 (Korea Bizwire) — Ctrip.com International, Ltd. Asia’s largest and the world’s second largest online travel agency, signed a groundbreaking agreement with Japan’s largest and oldest non-mutual private insurance provider Tokio Marine Nichido. The signing ceremony was attended by the Vice President of Ctrip Group Wang Wei, and the Managing Executive Officer [...]
SEOUL, Jul. 9 (Korea Bizwire) — South Koreans are increasingly boycotting Japanese products following Japan’s recent export restrictions. At convenience stores and shopping malls, sales of Japanese beer have fallen despite the scorching summer heat, leading many to believe that the boycott movement is spreading among South Korean consumers. Emart Inc., South Korea’s largest hypermarket [...]
SEOUL, Jul. 8 (Korea Bizwire) — President Moon Jae-in called on Japan on Monday to withdraw its recent export control against South Korean firms, describing it as an attempt to limit trade for a political purpose. Breaking his strategic reticence on the sensitive issue, Moon said his administration will first make “calm” efforts to resolve [...]
SEOUL, Jul. 7 (Korea Bizwire) — The number of South Korean tourists to Japan fell nearly five percent in the January-May period from a year earlier, government data showed Sunday, with travel demand to Japan expected to fall further following Japan’s export curbs. In the first five months, the number of Koreans who traveled to [...]
SEOUL, Jul. 5 (Korea Bizwire) – The cyber diplomatic missionary called the Voluntary Agency Network of Korea (VANK) posted a video Thursday on YouTube claiming that the Rising Sun Flag is a war criminal flag like the Nazi’s Hakenkreuz, or swastika. VANK also sent videos with English subtitles to 64 Holocaust centers around the world, [...]
SEOUL, Jul. 4 (Korea Bizwire) — South Korea-Japan relations are deteriorating as the countries’ history-driven diplomatic row is widening to imperil their economic ties. Still, the neighbors’ cultural ties remain mostly unscathed, with K-pop artists accomplishing unprecedented feats in the Japanese pop market. On Thursday, “Lights/Boy With Luv,” the new Japanese single album by globally-loved [...]
GWANGJU, Jul. 4 (Korea Bizwire) — South Korean victims of Japan’s wartime forced labor denounced Tokyo on Thursday for restricting tech material exports in an apparent response to the Korean top court’s rulings on compensation over Japan’s wrongdoings. Japan said earlier this week it will tighten regulations on exports to South Korea of high-tech chemicals [...]
SEOUL, Jul. 2 (Korea Bizwire) — Japan’s move to restrict tech material exports is an elaborate scheme to pressure South Korea’s key industry amid a bilateral diplomatic row, but the ripples could spread to both sides if the measures are broadly applied and last for a long time, industry watchers said Tuesday. The Japanese government [...]
SEOUL, Jul. 2 (Korea Bizwire) — The long-fraught ties between South Korea and Japan are plunging to a new low, as their intractable historical issues are bleeding into the economic domain, with voices for reconciliation drowned out by domestic politics, nationalism and mutual distrust. On Monday, Tokyo blindsided Seoul by announcing that it would tighten [...]
SEJONG/SEOUL, Jul. 1 (Korea Bizwire) — South Korea’s trade minister said Monday the government plans to file a complaint with the World Trade Organization (WTO) over Japan’s decision to tighten the rules for exports of semiconductor and display materials to Seoul, amid a simmering diplomatic row over wartime force labor. “South Korea has been making [...]