SEOUL, Apr. 13 (Korea Bizwire) — The government unveiled a string of measures Wednesday to help the ailing local tourism industry overcome the sharp decline in Chinese visitors in the face of a diplomatic standoff between South Korea and China over a U.S. anti-missile system. The local tourism industry is battered by Beijing’s apparent retaliation [...]
SEOUL, Apr. 13 (Korea Bizwire) — China has been expanding its own entertainment industry while banning imports of South Korean cultural content over a missile row, industry data showed Wednesday. Beijing has imposed economic sanctions on South Korea in recent months as Seoul is pushing ahead with the installment of the U.S. Terminal Altitude Area [...]
SEOUL, April 11 (Korea Bizwire) – As South Korea and China continue to clash head on in both politics and environmental issues, the anti-Chinese sentiment in South Korea is seeing a notable increase. In addition to political conflict over the deployment of an American THAAD missile system that has devastated the South Korean tourism industry, the [...]
SEOUL, Apr. 10 (Korea Bizwire) — South Korea’s SK Innovation said Sunday it aims to develop a powerful electric car battery that would enable vehicles to travel 500 kilometers on a single charge by 2020. The energy and chemical business arm of SK Group said it will cope with current business trouble in China through [...]
SEOUL, April 7 (Korea Bizwire) – South Korean retail giant Lotte Group’s Chinese retail operations are facing a protracted business suspension as Chinese authorities are expected to extend punitive measures for an additional month in retaliation for Seoul’s decision to deploy a U.S. missile defense system, industry sources said Friday. According to Lotte, 41 out [...]
SEOUL, April 5 (Korea Bizwire) – The tourism industry on South Korea’s resort island of Jeju remained relatively sound in March, despite worries about a serious economic setback from China’s travel package ban to its neighbor amid a diplomatic standoff, industry sources said Wednesday. The number of tourists who came to Jeju Island was 1.25 [...]
WASHINGTON, Apr. 5 (Korea Bizwire) — A majority of Americans support using force against China to defend South Korea or other Asian allies in the event of a military conflict, a survey showed Tuesday. The Pew Research survey, conducted among 1,505 people Feb.16-March 15, found that 58 percent back the use of force against Beijing [...]
SEOUL, April 4 (Yonhap) – Asiana Airlines Inc. said Tuesday it will increase flights on routes to Japan and Southeast Asia in the second quarter to offset lower demand from China. Asiana, the country’s second-biggest passenger carrier by sales, will flexibly respond to sharp declines in inbound Chinese travelers by reducing flights on routes to and [...]
SEOUL, April 4 (Korea Bizwire) – Chinese travelers’ preference for South Korea plunged over the past year, a survey showed Tuesday, apparently from the tension between the two countries over the deployment of a U.S. missile defense system. A poll by Ctrip, a leading online travel services agency in China, ranked South Korea 16th in [...]
SEOUL, Apr. 3 (Korea Bizwire) — South Korean retail giant Lotte Group saw its brand value rise in the first quarter of this year despite China’s retaliation against the conglomerate over a controversial missile defense system, a poll showed Sunday. Brandstock, a South Korean market research firm that determines the rankings of local brands, said [...]