THAAD Archives | Be Korea-savvy
Online Shopping Takes Off, but Worrying Signs from China, U.S.

Online Shopping Takes Off, but Worrying Signs from China, U.S.

SEOUL, May 4 (Korea Bizwire) — With food-related online purchases on the rise thanks to mobile delivery apps, the total volume for online shopping saw record-breaking sales in March totaling 9 trillion won. The first quarter figures for online shopping consumers from China appeared to be somewhat slower due to the lingering aftermath of the [...]

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 [...]