SEOUL, March 14 (Korea Bizwire) – South Korean airlines said Tuesday they will reduce China-bound flights temporarily to cope with falling tourist demand after Beijing ordered its travel agencies to stop selling group tours in protest of Seoul’s installation of a U.S. anti-missile system. Local air carriers, including budget carriers, are facing difficulties after Beijing [...]
BEIJING, March 13 (Korea Bizwire) – China’s economic retaliation against South Korea over the deployment of a THAAD missile defense system continues to grow with no sign of abatement, as reports emerge of the Chinese government targeting more South Korean enterprises including private business establishments. As the deployment of the THAAD battery is reportedly being accelerated, [...]
JEJU, South Korea, March 13 (Korea Bizwire) – More than 3,400 Chinese tourists chose not to get off their cruise ship after arriving at the Port of Jeju last Saturday afternoon, amid South Korea-China conflict over the THAAD missile systems that has rapidly deteriorated in recent weeks. Shocked and intimidated by the collective hostility, 31 [...]
SEOUL, Mar. 12 (Korea Bizwire) — A majority of businesses in the content, tourism and retail sectors said they are suffering from the ongoing spat between South Korea and China over the deployment of a U.S. missile defense system, a survey showed Sunday. According to the survey conducted on 597 firms in those sectors by [...]
SEOUL, Mar. 12 (Korea Bizwire) — South Korean duty-free operators are holding back from expanding their businesses on grim prospects that the intensifying trade spat between South Korea and China over the U.S. anti-missile system will further weigh down sales, industry sources said Sunday. HDC Shilla Co., a latecomer in the local duty-free industry, may [...]
Seoul, March 10 (Korea Bizwire) — With the impeachment of President Park out of the way once and for all and a new presidential election less than two months away, the political discourse in South Korea is now focused on Beijing’s next move. A number of momentous decisions were made over the past few days: [...]
SEOUL, March 9 (Korea Bizwire) – South Korea said Thursday that it raised the alert level against cyberattacks by one notch in a bid to better fend off an expected increase in cyberattacks from North Korea and others on the country’s major agencies and businesses. The Ministry of Science, ICT and Future Planning raised its [...]
SEOUL, March 9 (Korea Bizwire) – Chinese tourists are canceling hotel reservations following Beijing’s decision to ban sales of tour packages in retaliation for South Korea’s deployment of an advanced U.S. missile defense system on its soil, industry sources said Thursday. Ibis Budget Ambassador, located in a busy shopping district of Dongdaemun in Seoul, said [...]
SEOUL, March 8 (Korea Bizwire) – Lotte Group said Wednesday more than half of its hypermarket chains operating in China have been forced to shut down temporarily, adding to woes that Beijing’s reprisal against Seoul over the deployment of an advanced U.S. missile defense system is intensifying. The number of Lotte Mart stores facing business [...]
CHINA, March 8 (Korea Bizwire) – Chinese hackers have officially declared online war on South Korea and Lotte, one of its biggest conglomerates, in what appears to be retaliation against the deployment of the controversial THAAD missile-defense system. An unidentified masked man appeared in a video uploaded on Yuku, the Chinese equivalent of Youtube, where [...]