THAAD Archives | Be Korea-savvy
Casino Industry’s Sales Improving from Increase in Japanese Visitors

Casino Industry’s Sales Improving from Increase in Japanese Visitors

SEOUL, Apr. 16 (Korea Bizwire) — Foreigners-only casinos are showing better sales this year after a big dip last year caused by China’s retaliation over a diplomatic row, industry data showed Monday. Sales in January and February reached 204.78 billion won (US$191.56 million), up 15.9 percent from the same period last year, according to the [...]

DFS Operating Profits Nosedive amid Keen Competition, Chinese Sanctions

DFS Operating Profits Nosedive amid Keen Competition, Chinese Sanctions

SEOUL, Apr. 3 (Korea Bizwire) — Operating profits of South Korea’s duty-free shops declined sharply in general last year due to the cutthroat competition to attract Chinese tourists, and over Beijing’s economic retaliation against the deployment of a U.S. anti-missile defense system here, industry sources said Tuesday. Chinese travel agencies have suspended sales of tour [...]

Lotte Duty Free Suffers Weak Earnings in 2017 Amid THAAD Row

Lotte Duty Free Suffers Weak Earnings in 2017 Amid THAAD Row

SEOUL, April 2 (Korea Bizwire) – Hotel Lotte Co., a hotel and duty-free operator of South Korean retail giant Lotte, said the operating profit of its duty-free unit nosedived to a record-low level in 2017 amid a diplomatic row between Seoul and Beijing over a U.S. missile defense system. Lotte Duty Free’s operating income came to 2.5 billion won [...]

S. Koreans Overtake Chinese to Rank First Among Visitors to Japan

S. Koreans Overtake Chinese to Rank First Among Visitors to Japan

SEOUL, April 2 (Korea Bizwire) — Japan has been a beneficiary of the strained national ties between South Korea and China over the installation of a U.S. defense missile system (THAAD), with South Korean tourists more inclined to spend their days off in the island nation rather than an unfriendly China.  From January until February, [...]

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 [...]