THAAD Archives | Be Korea-savvy
Number of Chinese Tourists Dips 41 pct Over 3 Years on THAAD Row

Number of Chinese Tourists Dips 41 pct Over 3 Years on THAAD Row

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 [...]

S. Korean Duty-free Operators Going Abroad for Another Boom

S. Korean Duty-free Operators Going Abroad for Another Boom

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 [...]

Chinese Titles to Compete in Seoul Drama Awards, Signaling Possible Cultural Thaw

Chinese Titles to Compete in Seoul Drama Awards, Signaling Possible Cultural Thaw

SEOUL, May 31 (Korea Bizwire) — Following a two-year absence, several Chinese TV series are scheduled to compete in an upcoming annual drama awards event in Seoul, a possible sign of a thaw in the suspended TV content exchange between the two countries, sources said Friday. China has recently voiced its intention to submit several [...]

Duty-free Sales Hit Record High in 2018 Despite THAAD Row

Duty-free Sales Hit Record High in 2018 Despite THAAD Row

SEOUL, Jan. 14 (Korea Bizwire) — Sales at South Korean duty-free stores continued to show solid growth, reaching their highest-ever figure in 2018, despite a drop in Chinese travelers following a diplomatic row over the deployment of an advanced U.S. missile defense system here, industry data showed Monday. According to the data from the Korea [...]

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 [...]