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Since the Moon Jae-in government kicked off, Beijing has been easing up on retaliatory measures for Seoul’s deploying of U.S. antimissile system. According to Korean news reports, Chinese custom authorities have reduced the number of Korean products being…
A unit of Lotte Group, a South Korean retail giant currently receiving the brunt of China’s apparent economic retaliation in protest over Seoul’s deployment of a U.S. missile defense scheme, said Friday that it plans to raise a total of 360 billion won…
South Korea has stepped up efforts to overhaul its dependence on Chinese shoppers by shifting the focus to other Asian countries. The country’s tourism sector – especially the duty-free retail industry – is bearing the brunt of the fallout triggered by the…
Last week the Korean government announced plan to impose duty free limits to stop third party sales of cosmetics in China, and now, in an unrelated move, the China government’s threats to retaliate over Korea’s deployment of new military defence technology…
Analysts warn of possible blow to tourism, retail industry A number of Chinese tourists are cancelling trips to South Korea in the wake of the country’s decision to deploy a missile defense system, a trend which experts say might lead to a blow to South…
South Korean retailers and cosmetics companies are closely watching China’s moves after Korea and the US decided to deploy an advance missile defense system in the country on July 8. Neighboring China lodged a swift protest against the decision announced in…
