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S. Korean Cosmetics Makers Hope for Rebound amid Beijing’s Move to Lift Sanctions

S. Korean Cosmetics Makers Hope for Rebound amid Beijing’s Move to Lift Sanctions

SEOUL, April 5 (Korea Bizwire) — South Korea’s cosmetics makers expect a rise in sales this year as China moves to lift economic measures implemented in retaliation over the deployment of a U.S. anti-missile defense system here, industry sources said Thursday. South Korea’s makeup industry have enjoyed robust growth in recent years helped by “hallyu,” [...]

China Vows to End ‘Retaliatory Measures’ Against THAAD Deployment Soon

China Vows to End ‘Retaliatory Measures’ Against THAAD Deployment Soon

SEOUL, April 1 (Korea Bizwire) – China will end what are believed to be retaliatory measures over South Korea’s deployment of a U.S.-developed missile shield in the near future, a top Chinese official said Friday. Chinese President Xi Jinping’s envoy, State Councilor Yang Jiechi, made the remarks during his meeting with South Korean President Moon Jae-in in Seoul. “China places great importance on matters of [...]

Nuclear Fallout: N. Korean Restaurants Pay the Price for Kim Jong-un’s Belligerence

Nuclear Fallout: N. Korean Restaurants Pay the Price for Kim Jong-un’s Belligerence

SHENYANG, SHANGHAI, BEIJING, Jan. 9 (Korea Bizwire) — In accordance with U.N. sanctions on North Korea, the Chinese government has ordered all businesses run by citizens of the embattled state to close by January 9. When the U.N. agreed to punish North Korea for its recurring attempts to develop its nuclear arsenal on September 12, [...]

Japan Benefits from Rising Korean Tourists over THAAD Row

Japan Benefits from Rising Korean Tourists over THAAD Row

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 [...]

Beijing Confiscates Lotte Mart Generators, Auctions Them Off, Keeps the Returns

Beijing Confiscates Lotte Mart Generators, Auctions Them Off, Keeps the Returns

SEOUL, Aug. 24 (Korea Bizwire) — According to the “Beijing Youth Daily” on August 23, a Beijing city government task force ordered the removal of Lotte Mart generators in Juixianqiao and Yangqiao on the grounds of excessive energy use last year.  To add insult to injury, the Beijing paper reported that the city had recently [...]