SEOUL, March 20 (Korea Bizwire) – Acting President Hwang Gyo-Ahn’s leadership is being questioned as public criticism grows over the government’s passive attitude towards China’s THAAD retaliation. Critics in South Korea are voicing concern over the apparent lack of countermeasures and complaints from government officials in the face of a series of retaliatory acts from Beijing, [...]
SEOUL, March 20 (Korea Bizwire) – While Lotte is suffering the most from China’s retaliatory measures over South Korea’s deployment of a THAAD missle system – with almost 90 of 99 Lotte Mart outlets in China temporarily closed – other firms exporting to the country are struggling with customs clearance procedures that have become overly [...]
SEOUL, March 19 (Korea Bizwire) – South Korea’s tourism needs to revamp itself to reduce its dependency on China and grow into an industry that creates more added value, experts said Sunday, amid rising tension with the neighboring country over the deployment of a U.S. anti-missile system. Local tourism is expected to suffer a major [...]
SEOUL, March 17 (Korea Bizwire) – With China taking a hard line against South Korea amid the ongoing political dispute over the THAAD missile defense system, South Korean companies are beginning to divert their attention towards Southeast Asian countries that offer more certainty and stability for their business. Companies from East Asian countries – namely [...]
SEOUL, March 17 (Korea Bizwire) – South Korea has stepped up efforts to overhaul its dependence on China for its tourism trade by shifting the focus to other Asian countries to cope with the fallouts triggered by the stationing of an advanced U.S. missile defense system here, sources said Friday. The country’s tourism is bearing [...]
SEOUL, March 16 (Korea Bizwire) – U.S. Secretary of State Rex Tillerson is to visit the Demilitarized Zone (DMZ) on Friday as the first major schedule of his trip to South Korea, the foreign ministry said Thursday, in an apparent bid to demonstrate a strong alliance between the two countries against North Korea. Tillerson is [...]
SEOUL, March 16 (Korea Bizwire) – As China continues to withdraw its tourists from South Korea over a political issue surrounding the deployment of a THAAD missile defense system, South Korea’s tourism industry is looking to Russia to fill the gap left by what was once its biggest source of profits. According to the [...]
SEOUL, March 15 (Korea Bizwire) – South Korean travelers are increasingly wary of China as their destination, with anti-Korean sentiment rising among the Chinese over the planned deployment of a U.S. missile defense battery in South Korea, industry and public officials said Wednesday. Lately, a growing number of Korean middle and high schools have canceled [...]
SEOUL, March 15 (Korea Bizwire) – South Korea is keeping a close watch on China’s next moves that may work to further hurt its industries, as Beijing’s travel ban to its neighboring country came into effect Wednesday, the latest hostile measure taken in protest of Seoul’s stationing of a U.S. anti-missile system. China-based travel agencies, [...]
SEOUL, March 15 (Korea Bizwire) – A South Korea-Chinese film co-production project starring Korean actor Ha Jung-woo has been canceled apparently in the fallout from China’s anger over the planned deployment of a U.S. missile defense system known as THAAD in South Korea, the actor’s talent agency said Wednesday. “Ha was scheduled to film the [...]