South Korean businesses feel pressure from China over THAAD, report says

December 2, 2016

thaad-7

United Press International:

Concern over Chinese retaliation in response to a decision to deploy a U.S. missile defense system continues to grow among South Korean businesses in China.

Companies, including Samsung and LG, are experiencing delays in standard procedures, including receiving certification for components like batteries, Yonhap reported Thursday.

Challenges are being posed to South Korean businesses at a time when Beijing appears to have tightened restrictions against Korean pop artists.

Since October, no K-Pop artist has been permitted to hold shows in China, where Korean celebrities enjoy high levels of popularity, CNBC reported last week.

On Thursday China-based sources told Yonhap local authorities have begun to take more serious measures, targeting the South Korean conglomerate Lotte Group with an investigation.

Lotte is the company that reached a deal with Seoul on a site for THAAD at its golf course in Seongju.

Read the full article.

Contact

Curtis Stiles - Chief of Staff