THAAD Archives | Be Korea-savvy
President Moon Calls for Efforts to Export Airport System

President Moon Calls for Efforts to Export Airport System

SEOUL, Jan. 12 (Korea Bizwire) — President Moon Jae-in on Friday called for efforts to further upgrade the nation’s airport capacity and promote its advanced airport operation systems overseas. He attended a ceremony marking the construction of a second passenger terminal at Incheon International Airport, the nation’s main gateway south of Seoul. “Incheon airport must [...]

Number of Chinese Visitors Dips for 9th Straight Month amid THAAD Dispute

Number of Chinese Visitors Dips for 9th Straight Month amid THAAD Dispute

SEOUL, Dec. 22 (Korea Bizwire) – The number of Chinese tourists in South Korea declined 42.1 percent on-year in November, marking the ninth straight month of decrease following the diplomatic row between the two countries over the deployment of a U.S. anti-missile system here, government data showed Friday. The tally of Chinese visitors came to [...]

Damage from China’s Ban on S. Korean Tours Estimated at 7.5 tln won

Damage from China’s Ban on S. Korean Tours Estimated at 7.5 tln won

SEOUL, Dec. 3 (Korea Bizwire) — China’s economic retaliation against South Korea is estimated to have led to some 7.5 trillion won (US$6.8 billion) in losses for the country’s tourism industry, data showed Sunday. According to the data compiled by the National Assembly’s Budget Office, South Korea’s tourism and accommodation industries suffered a sharp decrease [...]

China’s Singles’ Day Signals End of THAAD Retaliation

China’s Singles’ Day Signals End of THAAD Retaliation

SEOUL, Nov. 14 (Korea Bizwire) — South Korean companies enjoyed increased sales during Chinese Singles’ Day over the weekend, signaling the end of China’s year-long THAAD retaliation. Sales at major duty-free stores including Lotte and Shilla increased by up to 30 percent among Chinese customers, while sales at online shopping giants Gmarket and Global Hmall nearly [...]

Court Rules THAAD-related Documents Must Remain Confidential

Court Rules THAAD-related Documents Must Remain Confidential

SEOUL, Nov. 10 (Korea Bizwire) – A Seoul court ruled Friday that a series of documents jointly drawn up with the United States for the deployment of a Terminal High Altitude Area Defense (THAAD) missile defense battery should remain confidential, as their disclosure would harm national interests. The Seoul Administrative Court delivered the verdict, rejecting [...]

Global Market Improvements Fuel Upturn in S. Korea Economy Under President Moon

Global Market Improvements Fuel Upturn in S. Korea Economy Under President Moon

SEJONG, Nov. 10 (Korea Bizwire) — When President Moon Jae-in took office after his victory in the unprecedented presidential by-election in May, he was confronted with tough challenges ranging from social upheaval caused by his predecessor to heightened regional diplomatic and military tensions. One of the biggest issues confronting the chief executive was finding a [...]