SEOUL, March 7 (Korea Bizwire) – Adding to Lotte’s recent misery in its business operations in China, the South Korean retail giant has recently been the target of fake news on Chinese online communities that promoted anti-Lotte and anti-Korean sentiment. According to sources from China, an alleged interview with Lotte Group Chairman Shin Dong-bin went [...]
SEOUL, March 7 (Korea Bizwire) – The United States has begun the process of deploying an advanced missile defense system known as THAAD to South Korea to better counter growing threats by North Korea, the U.S. and South Korean militaries said Tuesday. South Korean military officials said the deployment could be completed within one or [...]
SEOUL, March 7 (Korea Bizwire) – The South Korean government and ruling party agreed Tuesday to “actively” consider filing a complaint with the World Trade Organization (WTO) over China’s escalating economic retaliation against the planned deployment of a U.S. missile defense system to the peninsula. The move came after the Chinese authorities reportedly directed local [...]
SEOUL, March 6 (Korea Bizwire) — Tension between Korea and China is intensifying as illegal Chinese fishing in Korean waters continues unabated amid controversy surrounding Korea’s deployment of a Terminal High Altitude Area Defense (THAAD) missile defense system. In a letter of complaint to the Chinese Embassy in Seoul last year, the Korean National [...]
SEOUL, March 6 (Korea Bizwire) – Stocks of major retailers and their affiliates with business ties to China continued to plunge Monday, as Beijing has intensified its measures against South Korea in what appears to be retaliation for the deployment of an advanced U.S. anti-missile battery. Lotte Shopping Co., a key unit of retail giant [...]
SEOUL, March 6 (Korea Bizwire) – With China’s ban on Korean products intensifying over the THAAD conflict, plagiarism and unlicensed distribution of Korean television programs are becoming more common than usual. According to local sources, three of China’s major video streaming websites – Tencent, Youku, and iQiyi – deleted all 2017 episodes of South Korean [...]
SEOUL, March 6 (Korea Bizwire) – Sales of South Korea’s online shopping malls rose dramatically in recent months helped by the growing number of Chinese customers, data showed Monday, amid China retaliating against South Korea over Seoul’s plans to deploy an advanced U.S. missile defense system on its soil. China has been retaliating against Seoul’s [...]
SEOUL, March 3 (Korea Bizwire) – South Korea’s tourism industry is on alert as China has set out to prevent its people from traveling to Korea in protest against Seoul’s deployment of a high-tech U.S. anti-missile battery, industry sources said Friday. On Thursday, Beijing told major travel agencies in the country to stop selling tours [...]
SEOUL, March 3 (Korea Bizwire) – South Korea will push forward with the installation of an advanced U.S. missile defense system despite objections raised by China, Acting President and Prime Minister Hwang Kyo-ahn said Friday “The deployment of the Terminal High Altitude Area Defense (THAAD) battery is a vital defense measure to meet national security [...]
SHANGHAI/SEOUL, March 2 (Korea Bizwire) – China has instructed travel agencies in the country to stop selling trips to South Korea, sources said Thursday, in what is seen as another retaliatory move against Seoul’s decision to deploy an advanced U.S. anti-missile defense system. According to industry sources in China, the China National Tourism Administration (CNTA) [...]