SEOUL, March 3 (Korea Bizwire) – South Korea’s tourism industry is on alert as China has set out to prevent its people from traveling to Korea in protest against Seoul’s deployment of a high-tech U.S. anti-missile battery, industry sources said Friday. On Thursday, Beijing told major travel agencies in the country to stop selling tours [...]
SEOUL, March 3 (Korea Bizwire) – South Korea will push forward with the installation of an advanced U.S. missile defense system despite objections raised by China, Acting President and Prime Minister Hwang Kyo-ahn said Friday “The deployment of the Terminal High Altitude Area Defense (THAAD) battery is a vital defense measure to meet national security [...]
SHANGHAI/SEOUL, March 2 (Korea Bizwire) – China has instructed travel agencies in the country to stop selling trips to South Korea, sources said Thursday, in what is seen as another retaliatory move against Seoul’s decision to deploy an advanced U.S. anti-missile defense system. According to industry sources in China, the China National Tourism Administration (CNTA) [...]
SEOUL, Feb. 28 (Korea Bizwire) – Lotte’s board of directors approved on Monday a land swap deal with the South Korean military, providing a golf course as the site for a new THAAD missile battery. The deal was signed on Tuesday. Although Lotte will in return receive a state-owned military site near Seoul, the decision [...]
SEOUL, Feb. 27 (Korea Bizwire) – South Korea’s Lotte Group approved a planned land swap with the military on Monday, paving the way for the installation of an advanced U.S. missile defense system between May and July as scheduled, the defense ministry said. “We have received a notice from Lotte Group that the company has [...]
SEOUL, Feb. 23 (Korea Bizwire) – South Korean companies and duty-free shops remain jittery over China’s threats that the deployment of a high-tech U.S. missile defense battery on South Korean soil would wreak havoc on their business, industry sources said Thursday. With Seoul and Washington pushing ahead with the deployment in defiance of China’s strong [...]
SEOUL, Feb. 22 (Korea Bizwire) – Exports of South Korea-made cosmetics soared more than 10-fold over the past seven years, government data showed Wednesday, as the Korean Wave, or Hallyu, fueled robust demand from China and other Asian countries. Outbound shipments of makeup products reached US$4.18 billion in 2016, compared to $451.15 million tallied in [...]
SHENYANG, China, Feb. 21 (Korea Bizwire) – Chinese authorities have delayed the customs clearance of textbooks to be used at South Korean schools in China, pushing back the schools’ classes for the new academic semester, sources with knowledge of the matter said Tuesday. South Korean residents expressed concerns that the postponement of the customs clearance [...]
SEJONG, Feb. 16 (Korea Bizwire) – Chinese smartphone makers have been rolling out pricey models to play catch up with Apple Inc. and Samsung Electronics Co., which dominate the high-end smartphone market in the country, a Seoul trade body said Thursday. According to the Shanghai office of the Korea Trade-Investment Promotion Agency (KOTRA), Chinese smartphone [...]
SEOUL, Feb. 3 (Korea Bizwire) – China has taken a total of 43 retaliatory actions against the South Korean entertainment sector and trade goods in reprisal for Seoul’s plan to deploy the U.S.-made Terminal-High Altitude Area Defense (THAAD) system, a national think tank said Friday. The number was tallied by the state-run Korea Institute for [...]