THAAD Archives | Be Korea-savvy
Tsingtao Beer Popularity Grows in S. Korea Despite Diplomatic Row: Sources

Tsingtao Beer Popularity Grows in S. Korea Despite Diplomatic Row: Sources

SEOUL, Sept. 19 (Korea Bizwire) — Sales of China’s Tsingtao beer have risen sharply in South Korea in recent months despite South Korean firms being hit by Beijing’s retaliation against Seoul for the deployment of a U.S. missile defense system on its soil, industry sources said Tuesday. Beijing insists the installation of the Terminal Altitude [...]

Chinese Economic Sanctions Putting a Damper on Korean Wave

Chinese Economic Sanctions Putting a Damper on Korean Wave

SEOUL, Sept. 18 (Korea Bizwire) — South Korea’s cultural content trade surplus, bolstered by the popularity of “hallyu,” or the Korean wave, has decreased significantly in the first six months of 2017 due to China’s economic sanctions over a missile defense system, government data showed Monday. China, South Korea’s biggest overseas market, has retaliated against [...]

Airport Operator Unlikely to Accept Duty-free Operator’s Rent Cut Demand

Airport Operator Unlikely to Accept Duty-free Operator’s Rent Cut Demand

SEOUL, Sept. 18 (Korea Bizwire) — The operator of Incheon International Airport is likely to snub calls from Lotte Duty Free, the country’s top duty-free operator, to adjust its rental fees, industry sources said Monday, amid the ongoing diplomatic row between Seoul and Beijing over the deployment of a U.S. missile system here. Last week, [...]

THAAD Row Over China Costing Tourism Industry Dearly

THAAD Row Over China Costing Tourism Industry Dearly

SEOUL, Sept. 16 (Korea Bizwire) — South Korea’s tourism industry has been hit hard by a diplomatic row with China over the deployment of a U.S. missile shield here that has sent the number of Chinese visitors tumbling, a report said Friday. In mid-March, China banned the sale of group tours to Seoul in retaliation [...]

Lotte Mart Pulls out of China, Triggering Fears of Domino Effect

Lotte Mart Pulls out of China, Triggering Fears of Domino Effect

SEOUL, Sept. 15 (Korea Bizwire) – Lotte Group’s decision to pull its supermarket chain out of China after months of politically motivated retaliation from the Chinese government is triggering fears it could cause a domino effect among South Korean companies. After being subject to incessant retaliation – including raids by safety authorities from the Chinese government [...]

Hyundai to Cease Sponsorship of Chinese Golf Event

Hyundai to Cease Sponsorship of Chinese Golf Event

SEOUL, Sept. 12 (Korea Bizwire) — South Korean automaker Hyundai Motor Co. will not sponsor a Chinese golf event this year, officials in Seoul said Tuesday, amid an escalating diplomatic row over the deployment of an advanced U.S. missile defense system in South Korea. An official with Hyundai said that the automaker’s Chinese unit Beijing [...]

South Korean Economy Buckles Up for More Chinese Retaliation Over Additional THAAD Deployment

South Korean Economy Buckles Up for More Chinese Retaliation Over Additional THAAD Deployment

SEOUL, Sept. 7 (Korea Bizwire) — With the government keeping a wary eye on China’s next move amid the deployment of an additional THAAD missile defense battery, South Korean companies are bracing for further retaliation from the Chinese government. Earlier Thursday, the South Korean defense ministry announced the deployment of an additional four launchers for [...]

THAAD Launchers Enter U.S. Base amid Protests

THAAD Launchers Enter U.S. Base amid Protests

SEONGJU, Sept. 7 (Korea Bizwire) — Four more interceptor launchers for a U.S. missile defense system entered a southern military base Thursday after clashes between police and protesters that resulted in dozens of injuries. The arrival of the launchers and other equipment came some 14 months after Seoul and Washington decided to deploy the Terminal [...]