SEOUL, Sept. 19 (Korea Bizwire) — The number of foreigners other than Chinese visiting South Korea grew in the first seven months of this year following the government’s efforts to diversify its tourist portfolio in the face of a sharp drop in the number of Chinese visitors, the country’s tourism promotion agency said Tuesday. According [...]
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 [...]
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 [...]
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, [...]
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 [...]
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 [...]
SEOUL, Sept. 13 (Korea Bizwire) — Air Seoul Inc., one of South Korea’s six low-cost carriers, said Wednesday it has added two new routes this week as part of its initial expansion strategy. Air Seoul, which started operations in October by offering flights to Takamatsu, began passenger services to Osaka and Guam on Tuesday, bringing [...]
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 [...]
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 [...]
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 [...]