SEOUL, Sept. 18 (Korea Bizwire) — The operator of Incheon International Airport is likely to snub calls from Lotte Duty Free, the country’s top duty-free operator, to adjust its rental fees, industry sources said Monday, amid the ongoing diplomatic row between Seoul and Beijing over the deployment of a U.S. missile system here. Last week, [...]
SEOUL, Sept. 16 (Korea Bizwire) — South Korea’s tourism industry has been hit hard by a diplomatic row with China over the deployment of a U.S. missile shield here that has sent the number of Chinese visitors tumbling, a report said Friday. In mid-March, China banned the sale of group tours to Seoul in retaliation [...]
SEOUL, Sept. 15 (Korea Bizwire) – Lotte Group’s decision to pull its supermarket chain out of China after months of politically motivated retaliation from the Chinese government is triggering fears it could cause a domino effect among South Korean companies. After being subject to incessant retaliation – including raids by safety authorities from the Chinese government [...]
SEOUL, Sept. 13 (Korea Bizwire) — Air Seoul Inc., one of South Korea’s six low-cost carriers, said Wednesday it has added two new routes this week as part of its initial expansion strategy. Air Seoul, which started operations in October by offering flights to Takamatsu, began passenger services to Osaka and Guam on Tuesday, bringing [...]
SEOUL, Sept. 12 (Korea Bizwire) — South Korean automaker Hyundai Motor Co. will not sponsor a Chinese golf event this year, officials in Seoul said Tuesday, amid an escalating diplomatic row over the deployment of an advanced U.S. missile defense system in South Korea. An official with Hyundai said that the automaker’s Chinese unit Beijing [...]
SEOUL, Sept. 7 (Korea Bizwire) — With the government keeping a wary eye on China’s next move amid the deployment of an additional THAAD missile defense battery, South Korean companies are bracing for further retaliation from the Chinese government. Earlier Thursday, the South Korean defense ministry announced the deployment of an additional four launchers for [...]
SEONGJU, Sept. 7 (Korea Bizwire) — Four more interceptor launchers for a U.S. missile defense system entered a southern military base Thursday after clashes between police and protesters that resulted in dozens of injuries. The arrival of the launchers and other equipment came some 14 months after Seoul and Washington decided to deploy the Terminal [...]
SEOUL, Sept. 6 (Korea Bizwire) — South Korea and Thailand have agreed to double the number of designated airlines on their bilateral routes as Seoul tackles declining travel demand from China, the transport ministry said Wednesday. At the aviation talks held in Busan, 450 kilometers south of Seoul, Koo Bon-hwan, director general of the Aviation [...]
SEOUL, Sept. 5 (Korea Bizwire) – A Seoul court on Tuesday dismissed local residents’ request to temporarily invalidate the government’s offering of land to host a U.S. missile defense system. In April, 396 people filed an administrative suit against the provision of a former golf course in Seongju County, North Gyeongsang Province, to U.S. Forces [...]
SEOUL, Sept. 4 (Korea Bizwire) — Asiana Airlines Inc., South Korea’s second-biggest passenger carrier, is struggling to improve its business amid an ongoing diplomatic row over the deployment of a missile defense system here and increased competition with budget carriers, industry sources said Monday. Under its three-year restructuring plan that ends in December 2018, Asiana [...]