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South Korean business improves in China ahead of Moon's first visit

THAAD sanctions wiped $6.5bn from tourism industry, pushed down GDP by 0.4%

The South Korean and Chinese national flags fly alongside the company flag of Hyundai Motor at its plant in Beijing.   © Reuters

SEOUL -- South Korean companies are increasing their investments in China at a time when the two economic powers are moving to repair their relationship that was damaged by the deployment of a U.S. missile defense system on South Korean soil in March.

Seoul-based beauty care company Aekyung said that it set up a Chinese subsidiary in Shanghai last month, seeking to target young consumers with its cosmetics brands, which include AGE 20's and Luna. Before the launch, the company in October invited 42 Chinese internet personalities to its shopping mall in the northwestern city of Suwon for a promotional event.

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