Category: China-South Korea

From Largest Surplus to Largest Deficit, South Korea’s Economy Weighed Down by China

April 10, 2023
Asia & PacificChinaChina Business & EconomyChina-South Koreachinese importsInternational RelationslithiummineralsWorld
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News Analysis South Korea, heavily dependent on exports to China, has seen its exports deteriorate further due to China’s economic downturn. Exports to China, once Korea’s largest trade surplus, have turned into its largest deficit since 2023. According to statistics released by the Korea International Trade Association (KITA) in late March, South Korea’s trade balance…

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Korean Conglomerate Lotte Abandons Chinese Market, Shifts to Southeast Asia

September 20, 2022
Asia & PacificBusiness & MarketsChinaChina Business & EconomyChina-South KoreaTHAADWorld
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Lotte Group has fully abandoned the Chinese market and stepped up its investment in Southeast Asia, in particular Vietnam and Indonesia. This year marks the 30th anniversary of the establishment of diplomatic ties between South Korea and China. It also marks the 30th anniversary of South Korea’s diplomatic ties with Vietnam. In 2020, Lotte Group…

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South Korea Says Use of US Missile Defense System ‘Not Subject to Negotiation’ With China

August 12, 2022
arms raceAsia & PacificChinaChina-South KoreaInternational RelationsNational SecuritySouth KoreaSpecial TopicsTHAADThe United StatesUSWorld
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South Korea said on Thursday that its deployment of a U.S. anti-missile system is not subject to negotiation, rejecting China’s demand that it honors the previous Moon government’s policies. Chinese Foreign Minister Wang Yi raised this issue during a meeting with his South Korean counterpart Park Jin on Tuesday. Beijing said the deployment of the…

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