SEOUL, Jan. 20 (Korea Bizwire) – South Korean conglomerate Lotte will likely relinquish its golf club in the rural town of Seongju so the land can be used for the deployment of a U.S. air missile defense system, informed sources said Friday, despite possible repercussions for its business in China. According to officials from Lotte [...]
SEOUL, Jan. 18 (Korea Bizwire) – The Russian military has conducted another successful launch of its Topol-M intercontinental ballistic missile, which, according to officials, can penetrate the THAAD missile battery, the U.S. anti-ballistic missile system the South Korean government is looking to deploy. According to local sources on January 17, a single Topol-M missile was [...]
SEOUL, Jan. 10 (Korea Bizwire) – South Korean cosmetics makers hit 52-week lows on the local stock market Tuesday amid increased concerns over a standoff between South Korea and China over a U.S. missile defense system. AmorePacific Co., the country’s No. 1 cosmetics maker, and other companies dependent on the Chinese market have been under [...]
SEOUL, Jan. 6 (Korea Bizwire) – Korea’s anti-corruption law, which took effect on September 28 of last year, did not have as great an impact on the local stock market as initially expected, according to financial watchdogs. Instead, the stock market was more sensitive to China’s retaliatory measures against Korea’s decision to deploy a THAAD [...]
SEOUL, Jan. 3 (Korea Bizwire) – In a series of what are being seen as retaliatory measures over Korea’s decision to deploy an American THAAD missile battery, the Chinese government recently rejected a request from South Korean airlines to operate charter flights between the two countries, adding to previously announced orders to cut down the [...]
SEOUL, Jan. 2 (Korea Bizwire) – South Korea is mulling countermeasures in response to suspicions that China is retaliating against the decision reached with the United States to deploy an advanced anti-missile defense system on its soil, a diplomatic source said Monday. In July, South Korea and the U.S. announced a plan to station a [...]
BEIJING, Dec. 16 (Korea Bizwire) – South Korea and China have wrapped up their “Visit Korea Year 2016″ campaign in Beijing in a ceremony overshadowed by a diplomatic feud over Seoul’s missile shield plan. South Korean Minister of the Culture, Sports and Tourism Cho Yoon-sun and China National Tourism Administration Chairman Li Jinzao presided over [...]
SEOUL, Dec. 12 (Korea Bizwire) – South Korean exports of its pop culture products have been on the wane in recent months, central bank data showed Monday, as major importer China seems to be toughening regulations due apparently to Seoul’s decision to deploy a U.S. missile defense system on the Korean Peninsula. According to the [...]
SEOUL, Dec. 9 (Korea Bizwire) – A local private equity fund which wholly owns ING Life has decided to push for the company’s initial public offering, ditching its bid to sell South Korea’s fifth-largest life insurer by assets, partly affected by the standoffs between Seoul and Beijing over the planned deployment of an advanced U.S. [...]
SEOUL, Nov. 24 (Korea Bizwire) – Mr. Kim Man-se is the CEO of a small business in Seoul. He’s been undecided for some time now over which device to buy as his next smart companion. He had initially considered the Galaxy Note 7, but the idea was quickly scrapped following the phablet’s battery crisis. Kim [...]