THAAD Archives | Be Korea-savvy
Chinese, Korean Entertainment Industries Cautiously Optimistic on Removal of Culture Ban

Chinese, Korean Entertainment Industries Cautiously Optimistic on Removal of Culture Ban

SEOUL, Jul. 13 (Korea Bizwire) — With growing hope that the Chinese government’s ban on Korean culture products will be lifted, the entertainment industries of both countries have started to perk up in anticipation. In recent years, the export of Korean culture has become an important source of revenue for the Korean economy, as well as [...]

Foreign Cruise Tourists Fall Sharply amid China Sanctions: Data

Foreign Cruise Tourists Fall Sharply amid China Sanctions: Data

SEOUL, Jul. 10 (Korea Bizwire) — The number of foreign cruise tourists visiting South Korea has declined sharply in recent months, government data showed Monday, amid a diplomatic row with China over the deployment of a U.S. anti-missile system. China has been banning package tours to South Korea since March as part of its economic [...]

S. Korea’s Auto Market Share Plunges in China, U.S., EU amid Fierce Competition: Sources

S. Korea’s Auto Market Share Plunges in China, U.S., EU amid Fierce Competition: Sources

SEOUL, Jul. 6 (Korea Bizwire) — South Korea’s share in the Chinese, U.S. and European auto markets has been declining for the past four years amid tense competition from Japanese and American automakers, industry sources said Thursday. South Korea’s share of the global auto market stood at an average 5.8 percent in the three major [...]

Lotte Determined to Succeed in Chinese Market Despite THAAD Row

Lotte Determined to Succeed in Chinese Market Despite THAAD Row

SEOUL, June 7 (Korea Bizwire) – South Korean retail giant Lotte will not be abandoning its businesses in China, which have been reeling from apparent retaliation after the company provided the South Korean government with land for a new THAAD anti-missile system.  A Lotte official in China said Wednesday that “there is no change in [...]

THAAD Deployment Faces Delay Due to New Environment Assessment

THAAD Deployment Faces Delay Due to New Environment Assessment

SEOUL, June 7 (Korea Bizwire) – South Korea’s defense ministry began preparations for a full-blown environmental impact assessment on the ongoing deployment of the U.S. THAAD missile defense system Tuesday, a ministry official said, a move that will inevitably delay its operation. The move came one day after President Moon Jae-in personally ordered a thorough study [...]