SEOUL, Oct. 15 (Korea Bizwire) – As the race to dominate the future of the automotive industry intensifies, with a focus on electrification and software-defined vehicles (SDVs), a wave of strategic partnerships is reshaping the global automobile market. Industry analysts suggest these alliances are largely driven by a shared concern: the need to respond to China’s [...]
SEOUL, Oct. 15 (Korea Bizwire) — Container shipping costs from South Korea to China rose for the eighth consecutive month in September, the customs agency said Tuesday. The average shipping cost for a 40-foot container from South Korea to China climbed 17.6 percent on-month to 862,000 won (US$634.48) last month, according to the data from [...]
SEOUL, Oct. 11 (Korea Bizwire) – Chinese scalpers are illegally acquiring Korean user account information to purchase tickets for hard-to-book events and concerts in South Korea, potentially reaping significant profits from reselling them on the black market, according to a South Korean lawmaker. The allegations, raised during a parliamentary audit on October 10, has sparked criticism [...]
SEOUL, Sept. 30 (Korea Bizwire) – A recent study has uncovered evidence of coordinated efforts to sway public opinion on South Korean online platforms through comments suspected to originate from China. The research, focused on industries where South Korea and China are in fierce competition, such as electric vehicles, batteries, and e-commerce, reveals a pattern of [...]
SEOUL, Sept. 24 (Korea Bizwire) – The U.S. government’s decision to phase out the sale of vehicles using Chinese or Russian software and components in autonomous driving and communication systems has drawn attention to its potential impact on South Korean automakers and parts suppliers. Industry analysts predict that this move by the U.S. administration could prove [...]
SEOUL, Sept. 13 (Korea Bizwire) — The military has recently taken down more than 1,300 surveillance cameras installed at various bases, including those near the border with North Korea, after discovering they were Chinese-made equipment, a military official said Friday. In late July, military and intelligence authorities found out the surveillance cameras supplied by a [...]
SEOUL, Sept. 13 (Korea Bizwire) — China has informed the top international and Asian football bodies of its recent decision to ban South Korean player Son Jun-ho for life over match-fixing charges, the sport’s national football body in Seoul said Thursday. An official for the Korea Football Association (KFA) said the Chinese Football Association (CFA) [...]
SEOUL, Sept. 6 (Korea Bizwire) – In a concerning trend for South Korea’s once-dominant shipbuilding industry, Chinese competitors are rapidly gaining market share, aided by alleged industrial espionage and lenient court rulings in South Korea. The situation has raised alarms about the potential loss of South Korea’s world-leading position in the sector, particularly in the crucial [...]
SEOUL, Sept. 4 (Korea Bizwire) – Fu Bao, the giant panda that was recently returned to China after living the first four years of her life in South Korea, has become the subject of controversy amid speculation that she is undergoing “hospitality training” at her new home. A video posted on August 30 by a fan-run [...]
SEOUL, Aug. 28 (Korea Bizwire) — A military intelligence official indicted this week for allegedly selling military secrets was recruited by a suspected Chinese operative in 2017, military prosecutors said Wednesday. Military prosecutors indicted the official at the Defense Intelligence Command on Tuesday on charges of aiding the enemy, receiving bribes and violating the Military [...]