SEOUL, Nov. 1 (Korea Bizwire) — Lotte Group, a conglomerate whose affiliates sprawl from supermarkets to duty-free stores and construction, is hoping for a big comeback in its China business after suffering major losses resulting from a Seoul-Beijing diplomatic spat, corporate insiders said Wednesday. Seoul and Beijing announced a day earlier that they will make [...]
SEOUL, Oct. 31 (Korea Bizwire) — South Korean and Chinese government officials are communicating through diplomatic channels to solve the issue of the deployment of THAAD anti-missile systems in Korea, ahead of this year’s APEC meeting in Vietnam next month. According to government sources, plans for a South Korea-China summit meeting and an official statement from [...]
SEOUL, Oct. 30 (Korea Bizwire) – With U.S. President Donald Trump expected to visit South Korea next month, demonstrators took to the streets over the weekend for a series of anti-war protests in Seoul. Dozens of followers of Hyanglin Church marched from Myeongdong, where the church is located, to Gwanghwamun on Sunday, stopping in front of [...]
SEOUL, Oct. 30 (Korea Bizwire) — A record number of South Koreans traveled to Japan in the January-September period this year, data showed Monday, as favorable exchange rates and diplomatic tensions with Beijing moved their destination away from China. Over 5.21 million South Koreans visited Japan during the cited months, according to the Japan National [...]
SEOUL, Oct. 27 (Korea Bizwire) – Speculation that the recently held 19th National Congress of China’s Communist Party would lead to a gradual easing of tensions between China and South Korea is building hope among local tourism and duty-free businesses. The relationship between the two neighboring countries turned icy after the installation of U.S. missile [...]
BEIJING, Oct. 26 (Korea Bizwire) — China wants to work with South Korea to overcome the diplomatic challenges facing them in order to restore a friendly relationship, a Chinese foreign ministry spokesman said Thursday. “China wants to overcome, together with South Korea, the obstacles currently facing their bilateral relations,” spokesman Geng Shuang said in a [...]
SEOUL, Oct. 26 (Korea Bizwire) – It has been reported that China’s biggest travel agency, Ctrip, has been in contact with Lotte Hotel for a possible business deal, fueling speculation that China’s ban on package group tours to South Korea might soon be lifted. According to Lotte Hotel on Thursday, Ctrip has been in touch with [...]
SEOUL, Oct. 19 (Korea Bizwire) – South Korea’s Hyundai Motor Group said Thursday its sales in China plunged 42 percent in the January-September period amid the long-drawn bilateral diplomatic row over an anti-missile system. From January to September, Hyundai Motor Co. and its affiliate Kia Motors Corp. sold a combined 702,017 vehicles, down from 1.2 million units from a year earlier, according to the companies’ sales data. Hyundai Motor suffered [...]
SEOUL, Oct. 19 (Korea Bizwire) — A recent turn of events caught musical producer Song Seung-whan off guard. The creator of “Cookin’ Nanta,” one of the country’s most successful, longest-running theatrical shows, never imagined he would, decades later, face his biggest challenge ever in the least expected area: diplomacy and security. Last week, PMC Production, [...]
SEOUL, Oct. 18 (Korea Bizwire) – Despite the efforts of South Korean tourism authorities to attract Southeast Asians to fill a void left by Chinese tourists, the number of visitors from the Southeast Asian region dropped between March and August this year, new data has revealed. According to data from the Korea Tourism Organization submitted to [...]