Chinese Tourists Flock to Seoul Fish Market 2016/02/28, Source,
Chinese tourists look at seafood at a fish market in Noryangjin, Seoul on Feb. 17, 2016.
A fish market in Noryangjin, Seoul is teeming with Chinese tourists. In 2013, less than 100 Chinese tourists visited the market on average every day, but this year the number has risen to 1,000. Chinese visitors now account for around five percent of the 20,000 daily customers. Chinese people typically shun raw fish, but more young visitors with a newly acquired taste for sushi and sashimi have led to the surge,...More
How Chinese Money Is Changing Korean Media 2016/02/21, Source,
An influx of Chinese money is having a huge influence on the Korean media industry. One recent symptom was the case of Taiwanese-born teenage starlet Tzuyu, whose waving of her country's flag in an old clip sparked a Twitterstorm that sent her agency JYP into a blind panic.
Terrified of jeopardizing the Chinese market, JYP forced the girl to apologize on bended knee and declare her allegiance to the Motherland -- only to find that barely anyone in China had noticed.
Still, China's media contents market is growing 11 percent annually and is expected to surpass Japan's this year, which puts JYP's anxieties into perspective (US$1=W1,211).
According to the Small and Medium Business Administration, more than W1 trillion worth (~US$1 billion) of Chinese money had been invested in Korean computer games and entertainment programs as of September last year. Last week, China's top online retailer Alibaba announced it is investing W35.5 billion in another Korean talent mill, SM Entertainment, and with money comes clout,...More
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