ArrowArtboardCreated with Sketch.Title ChevronTitle ChevronIcon FacebookIcon LinkedinIcon Mail ContactPath LayerIcon MailPositive ArrowIcon Print
Business trends

Korea Inc. mostly freed from China's missile shield wrath

Recovery for tourism and cars but not electric vehicle battery makers

Chinese tourists have returned to Myeong-dong, one of Seoul's primary shopping districts, as bilateral ties recover from the deployment of a U.S. missile shield in South Korea. (Photo by Kenichi Yamada)

SEOUL -- Most South Korean companies that do business in China are finally getting back on track after the deployment of a U.S. missile shield in the South triggered a harsh economic retaliation by Beijing, though manufacturers of electric car batteries are still facing an uphill climb.

The Terminal High Altitude Area Defense system was installed in South Korea last year ostensibly as a countermeasure against North Korea. But Beijing vehemently opposed this, concerned the missile shield's radars could be used to spy on China instead.

Sponsored Content

About Sponsored Content This content was commissioned by Nikkei's Global Business Bureau.

Discover the all new Nikkei Asia app

  • Take your reading anywhere with offline reading functions
  • Never miss a story with breaking news alerts
  • Customize your reading experience

Nikkei Asian Review, now known as Nikkei Asia, will be the voice of the Asian Century.

Celebrate our next chapter
Free access for everyone - Sep. 30

Find out more