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.
By continuing to browse this website, you accept cookies which are used for several reasons such as personalizing content/ads and analyzing how this website is used. Please review our
to learn how you can update your cookie settings.