SKorea approaches WTO over China economic retaliation

SEOUL: South Korea has approached the World Trade Organisation (WTO) in connection with measures imposed by China over the deployment of a US missile defence system, Seoul’s trade min

Beijing has forced dozens of South Korean retail stores in the country to shut their doors and banned Chinese tour groups from

The moves are seen in the South as economic retaliation for the installation of the Terminal High Altitude Area Defense (THAAD) system to guard against threats from the nuclear-armed North, which Beijing sees it as a threat to

The trade ministry asked China to “comply with its obligations” and raised the issue of possible violation of WTO rules with the Geneva-based organisation, minister Joo Hyung-Hwan told Seoul

But the move was not a legal step to seek WTO dispute settlement, a spokeswoman for the it was more of a symbolic move intended to raise international

China is the South’s largest trading partner and a major consumer of South Korean electronic gadgets, cosmetics and cultural products including popular TV

business group focused on retail and hotel chains -- has been hit hardest after it agreed to provide

Nearly 90 percent of its Chinese Lotte Mart stores have been forced to close either by authorities or angry demonstrations amid growing boycott threats in China against other South Ko