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Reporter : Kim Bo-eun
Thu, November 30, 2023 | 00:29
Regional economic alliances set to intensify China-US rivalry in Asia
HONG KONG - The U.S.-China rivalry has escalated over the years and is set to intensify with the launch of multiple trade groupings in Asia. The U.S. is preparing to launch the Indo-Pacific Economic (IPEF) Framework, which is widely seen as an effort to counter China's influence in the Asia-Pacific region. The economic potential of the region is considered massive, with a you...
North Korea-China trade on restoration path, but Pyongyang faces challenges
HONG KONG - North Korea is steadily restoring trade with China after bilateral commerce dived in 2020 and 2021 as the reclusive state closed its border to prevent the spread of the coronavirus. Trade with China totaled $318 million in 2021, down by 41 per cent from the previous year and by 90 per cent from levels before the pandemic, according to China Customs data.
China's role complicates North Korean denuclearization process
HONG KONG - Pyongyang's series of provocations this year signal that addressing the neighbor to the North will be one of the greatest challenges for President-elect Yoon Suk-yeol, who has pledged to take a hardline stance toward the reclusive state compared to his predecessor, Moon Jae-in. Yoon is scheduled to take office in May and has outlined the direction of his administr...
Korean shipbuilders bracing for fallout from Russia war
HONG KONG - Russia's invasion of Ukraine, which has added to disruptions caused by the ongoing coronavirus pandemic, has created increasing uncertainty for most industries, with shipbuilding one of them. South Korean and Chinese shipbuilders rank among the industry's top players, and as tensions are growing, the impact of the geopolitical decisions made in both Seoul and Beij...
Yoon's foreign policy casts cloud on China's reopening to Korean cultural content
HONG KONG - Korean content producers were excited to hear earlier this month that a major Chinese video streaming platform added a hit Korean romance drama to its programming. When China's iQiyi started offering "Something in the Rain" starring actress Son Ye-jin on March 3, along with another platform offering two other Korean TV dramas, expectations grew that more would fol...
Once COVID-19 success stories, what went wrong in Hong Kong and Korea?
HONG KONG - Using different approaches, Hong Kong and South Korea managed to keep COVID cases mostly under control until late last year. In fact, they did such a good job that the two countries were referred to as success cases of curbing the virus without resorting to draconian measures such as lockdowns, which wreak havoc on the economy. But the number of infection cases ha...
Korea's China policy faces shift under Yoon administration
HONG KONG - The election of conservative Yoon Suk-yeol as South Korea's next president has raised questions over the future direction of relations between Seoul and Beijing, with the former prosecutor making clear he plans to strengthen trade and security ties with Washington. Yoon has taken a harder stance on China than outgoing liberal president Moon Jae-in, who has placed ...
Experts urge caution against taking advantage of anti-China sentiment for election
HONG KONG -- South Koreans avidly took part in boycotting Japanese brands when bilateral tensions escalated in the past years, given the history of the two countries. This time, the antagonism is directed at another neighbor in Northeast Asia: China.
Do Samsung smartphones have a chance in China?
HONG KONG - Attention is growing over whether Samsung Electronics will be able to regain its foothold in China's smartphone market, which it reigned over a decade ago, as the tech giant takes a renewed focus on the world's second largest economy. Samsung accounted for almost 20 percent of China's market for smart handsets in 2013, but its share has fallen to less than 1 perce...
What's driving China's fintech prowess?
HONG KONG -- China carved out a lead in fintech services over the past decade, with big tech firms having taken the lead on the back of deregulated government policies and surging public demand for electronic payment options.
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