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Korean Wave Falls Victim to China’s Retaliatoin Measures over THAAD Row

Korean Wave Falls Victim to China’s Retaliatoin Measures over THAAD Row

SEOUL, Jan. 29 (Korea Bizwire) – South Korea’s cultural and entertainment industries have been walking on thin ice for the past few months, as signs have continued to emerge that Beijing is going after Korea’s entertainers in protest of Seoul’s decision to bring in an American missile shield. On Tuesday, soprano Sumi Jo confirmed what [...]

Department Store Offering Korean Products and Culture to Open in China’s Largest Grassland City

Department Store Offering Korean Products and Culture to Open in China’s Largest Grassland City

SEOUL, Sept. 2 (Korea Bizwire) – Hulunbuir in Nei Menggu, China, is distinguished by what is the largest grassland in the country. The region is also known for having the fourth highest level of income nationally.  With the latest Korean enterprise in the region, Hulunbuir will soon be marked by its Paradise Department Store, presenting products [...]

Exports of Hallyu-Related Goods Surge: Data

Exports of Hallyu-Related Goods Surge: Data

SEOUL, Aug. 29 (Korea Bizwire) – Outbound shipments of food, beauty, fashion and personal care products soared in the first half of the year on the back of the growing popularity of the Korean wave, or hallyu, industry data showed on Monday.  According to the data compiled by the Korea International Trade Association (KITA), exports [...]

S. Korea to Launch Civilian-gov’t Body to Boost Hallyu

S. Korea to Launch Civilian-gov’t Body to Boost Hallyu

SEOUL, Jun. 18 (Korea Bizwire) — The government said Thursday it will launch a task force with civilian experts to devise better strategies to help promote the Asianwide boom of South Korean pop culture. The “hallyu planning body” will be composed of officials from six relevant government agencies, three major TV networks — KBS, MBC [...]

S. Korean Cosmetic Products Expanding Presence in China

S. Korean Cosmetic Products Expanding Presence in China

SEOUL, May 18 (Korea Bizwire) — South Korean cosmetic products are expanding their presence in China on the back of the Korean Wave and competitive beauty products, becoming the second most sold in Asia’s second-ranked but fast-growing beauty market, data showed Monday. Out of $686.2 million worth of cosmetics China imported in the January-March period, [...]

K-pop Boosts Industry Production by Blns of Won

K-pop Boosts Industry Production by Blns of Won

SEOUL, May 3 (Korea Bizwire) — The popularity of Korean pop culture abroad helped increase production of the country’s cosmetics, gaming, tourism and beverages industries by billions of won in 2014, data showed Sunday. The growing popularity of hallyu, or the Korean wave, the name for Asianwide popularity of Korean pop culture, has been making inroads [...]