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Park Calls N.K. Provocations Challenge to Seoul-Beijing Ties

Park Calls N.K. Provocations Challenge to Seoul-Beijing Ties

HANGZHOU, China, Sept. 5 (Korea Bizwire) – President Park Geun-hye on Monday called North Korea’s continued provocations a challenge to relations between South Korea and China, voicing her hope for Seoul and Beijing to turn the situation into an opportunity to further strengthen their bilateral relationship.  She made the remarks during her summit with Chinese [...]

Xi Jinping Loses Ground in Popularity Poll among S. Koreans amid THAAD Row

Xi Jinping Loses Ground in Popularity Poll among S. Koreans amid THAAD Row

SEOUL, Aug. 11 (Korea Bizwire) – Fewer South Koreans said they think positively of Chinese President Xi Jinping this month compared to early July, a local public opinion poll showed Thursday. The result has been attributed to the growing diplomatic row between South Korea and China over the planned deployment of an advanced U.S. missile [...]

Xi Jinping Inspects Chinese Military near Its Border with North Korea

Xi Jinping Inspects Chinese Military near Its Border with North Korea

BEIJING, May 27 (Korea Bizwire) – Chinese President Xi Jinping inspected troops in the northeastern province of Heilongjiang, near the sensitive border with its traditional ally, North Korea, according to China’s state media on Friday.  Xi inspected senior military officials and soldiers stationed in Harbin, Heilongjiang’s capital, and an outpost on Tuesday and Wednesday, and [...]

Korea Considers Visa Waivers for Chinese Travelers

Korea Considers Visa Waivers for Chinese Travelers

SEOUL, Sept. 7 (Korea Bizwire) — South Korea has begun research into the possible introduction of visa waivers for Chinese on a gradual basis as Seoul’s economic and political ties with Beijing improved drastically in recent years. The Foreign Ministry has asked a research center affiliated with the International Organization for Migration to write a report on [...]

Chinese Money Rushing into Korean M&A Market

Chinese Money Rushing into Korean M&A Market

SEOUL, July 30 (Korea Bizwire) — When President Xi Jinping of China visited South Korea earlier this month, around 200 business delegates, including CEOs of major Chinese IT companies like Alibaba, Baidu, Huawei and China Telecom, accompanied him on the trip. All of the Chinese companies are reportedly, gearing up to push deeper into Korean market with [...]

“Peng Liyuan Effect” Doubles the Sales Number of Lotte Fitin

“Peng Liyuan Effect” Doubles the Sales Number of Lotte Fitin

SEOUL, July 24 (Korea Bizwire) – Lotte Fitin, Korea’s one of the largest department stores located in the fashion town of Seoul, Dongdaemoon, is savoring the “Peng Liyuan effect” as the store’s sales skyrockets after a visit from China’s first lady early this month. Lotte Fitin announced on July 22 that since the surprise visit [...]

Korea EximBank to Provide $295 Mil. Shipping Finance to Chinese Leasing Company

Korea EximBank to Provide $295 Mil. Shipping Finance to Chinese Leasing Company

SEOUL, July 7 (Korea Bizwire) – Korea EximBank said on July 4 that it would provide a shipping finance worth US$295 million to China’s Minsheng Financial Leasing that has signed a deal to purchase three 18,400-TEU containerships from Daewoo Shipbuilding & Marine Engineering. Of the loans that the Korean state-run bank provides, 50 percent will be guaranteed [...]