SEOUL, Nov. 13 (Korea Bizwire) — South Korea’s defense ministry has selected a successful bidder in its project to acquire and install electromagnetic wave detectors around the THAAD missile defense base in a southeastern county, officials said Sunday. The ministry is to receive the delivery of eight electromagnetic wave detectors by April 28, 2023, under [...]
SEOUL, June 16 (Korea Bizwire) — Sales of South Korean large firms’ Chinese units have tumbled nearly 28 percent over the past four years due to a bilateral row over the deployment of an advanced U.S. missile defense system here and other reasons, a corporate tracker said Wednesday. According to CEO Score, 320 Chinese production [...]
SEOUL, July 2 (Korea Bizwire) — The number of Chinese tourists to South Korea fell by more than 30 percent in the 2017-2020 period from three years earlier due to a bilateral diplomatic row, data showed Thursday. The monthly average number of Chinese tourists in South Korea reached 380,000 during the three-year period starting in [...]
SEOUL, June 22 (Korea Bizwire) – The U.S. Forces Korea (USFK) took key electronic equipment out of its THAAD missile defense base in South Korea on Monday after replacement equipment was brought into the base last month, officials said. On May 29, the U.S. military, with the assistance of the South Korean defense ministry, brought [...]
SEOUL, June 1 (Korea Bizwire) — The defense ministry stuck to its flat-out denial Monday of any upgrades to a U.S. THAAD missile defense base in South Korea after a series of reports suggested that last week’s transport of military hardware into the base was aimed at upgrading or strengthening the unit. On Friday, the [...]
SEOUL, May 29 (Korea Bizwire) — New interceptor missiles were brought onto a U.S. THAAD missile defense base in South Korea on Friday as replacements, the defense ministry said, in a surprise overnight operation aimed at minimizing friction with local residents opposed to the base. Also brought onto the Terminal High Altitude Area Defense (THAAD) [...]
SEOUL, May 4 (Korea Bizwire) — G-Dragon became the first South Korean celebrity to sign a corporate endorsement deal with a Chinese company following Beijing’s virtual ban on “hallyu,” or South Korean pop culture, since 2016, the singer’s agency said Monday. The singer-rapper of K-pop act BIGBANG recently signed a deal with Chinese bottled water [...]
SEOUL, Dec. 24 (Korea Bizwire) — Chinese visitors from Shanghai, Guangdong Province, and economically advanced areas in China coming to South Korea have surged in number. Diplomatic sources argue that travel exchanges between China and South Korea are on the verge of recovery as China is gradually lifting its travel restrictions to South Korea originally [...]
SEOUL, Nov. 11 (Korea Bizwire) — South Korea suffered a some 41 percent tumble in the number of visiting Chinese tourists over the past three years since its decision to deploy an advanced U.S. missile defense system here, a report said Monday. A total of 4.79 million Chinese visited South Korea in 2018, down 40.6 [...]
SEOUL, Jun. 24 (Korea Bizwire) — After years of struggle in the face of a decline in Chinese tourists and increased competition, South Korea’s duty-free operators are in search of a more stable and sustainable business portfolio — to reduce their reliance on Chinese visitors and generate decent profits. The country’s duty-free business has raked [...]