INCHEON, Nov. 22 (Korea Bizwire) – The Port of Incheon, a major port on Korea’s western coastline, is seeing fewer visits from Chinese cruise ships, a disappointment for local officials who hoped that it would grow more popular with an increasing number of Chinese tourists. According to the Incheon Port Authority, 18 cruise ships from [...]
BEIJING, Nov. 22 (Korea Bizwire) – The Chinese government has toughened its regulations on Korean pop culture since last month, sources related to the matter said Tuesday, in apparent retaliation against South Korea’s decision to deploy an advanced U.S. missile defense system on the Korean Peninsula. According to the Chinese culture ministry’s official website, not [...]
SEOUL, Nov. 21 (Korea Bizwire) – South Korean shares of cosmetics and entertainment companies closed lower on Monday amid concerns over Chinese state-sanctioned retaliatory measures against Korea’s deployment of an American THAAD battery. Big-name K-pop producers, including SM (-8.16 percent), YG (-6.9), and JYP Entertainment (-2.79); film distributors and producers such as Showbox (-14.57) and [...]
SEOUL, Nov. 15 (Korea Bizwire) – South Korea’s defense ministry is set to conclude a deal to acquire a site for an advanced U.S. missile defense system from Lotte Group, a military source said Tuesday. The Ministry of National Defense has tentatively agreed to secure the Lotte Skyhill Country Club in the southeastern rural county [...]
BEIJING, Sept. 30 (Korea Bizwire) – China voiced its strong objection on Friday to South Korea’s push to place an advanced U.S. missile defense system on its soil, even vowing to take “necessary” action apparently in response to the Seoul government’s decision on the deployment site. “China has made clear its stance on several occasions [...]
SEOUL, Sept. 30 (Korea Bizwire) – South Korea has picked a golf course in the southeastern part of the nation as the new site for an advanced American missile defense system Friday to counter growing threats from North Korea, military officials said. The revised decision comes 2 1/2 months after Seoul and Washington picked the [...]
SEOUL, Sept. 12 (Korea Bizwire) – Korea’s entertainment industry has been among the most affected by the government’s recent decision to deploy a THAAD battery, and it has resulted in losses of billions of won for stock-rich celebrities with large stakes in entertainment companies. According to Chaebol.com, a market research firm, the total stock assets (as [...]
BEIJING, Sept. 7 (Korea Bizwire) – China renewed its opposition on Wednesday to South Korea’s planned deployment of a U.S. advanced missile defense system on its soil, saying that its security interests should be respected. In July, South Korea announced a plan to deploy a Terminal High Altitude Area Defense (THAAD) battery in the country [...]
SEOUL, Sept. 1 (Korea Bizwire) – South Korea’s 20th National Assembly kicked off its first regular session on Thursday that will run through December, with the ruling Saenuri Party protesting against the parliamentary speaker’s remark criticizing the government’s bid to deploy a U.S. missile defense system. The Saenuri Party, as well as the Minjoo Party [...]
SEOUL, Aug. 29 (Korea Bizwire) – South Korea’s military said Monday it will conduct detailed examinations into three sites in the rural county of Seongju to check if alternate locations can be found to deploy an advanced U.S. missile defense system. The move comes as Seongju residents strongly protested the government’s decision to install the [...]