China's retaliation Archives

China’s Retaliation Against Hanwha Ocean Signals Broader Maritime Power Struggle With U.S.

SEOUL, Oct. 14 (Korea Bizwire) – China announced Tuesday it will impose retaliatory measures against five U.S.-based subsidiaries of South Korean shipbuilder Hanwha Ocean Co., accusing them of cooperating with a U.S. investigation targeting China’s maritime and shipbuilding industries. In a statement, the Chinese commerce ministry claimed Hanwha Ocean’s U.S. affiliates assisted and supported the [...]

Lotte Hit Hard by THAAD Row, with Losses in Sales Reaching 1 tln Won

SEOUL, April 15 (Korea Bizwire) – Lotte Group is expected to suffer damage in sales worth 1 trillion won (US$875.7 million) over the first half of 2017, industry watchers said Saturday, as China continues to condemn its decision to help the South Korean government’s deployment of a U.S. missile defense system. China has been putting [...]