China emerges from COVID lockdown, but Korean companies see damage
An aerial view of Shanghai's container port / gettyimagesbankFrom small traders to some of South Korea's top conglomerates, China's hardline coronavirus containment policy has taken a tollBy Kim Bo-eunHONG KONG ― South Korean businesses in Shanghai are rushing to normalize operations after the city lifted its two-month long citywide lockdown on Wednesday.Park Sang-min, a South Korean businessman based in the commercial hub, said many companies involved in trade like his own had lost business partners during the lockdown, when cargo-handling capacity at the city's port plunged.The city's port, the world's biggest based on cargo throughput, handled 17 percent fewer containers in April compared with the same month of 2021, data from Shanghai International Port Group shows. As Park's company was unable to ship parts and materials overseas over the past two months, business partners in Europe and Northern Africa found other companies shipping goods from regions of China not under lockdown.Payments for some orders delivered before the lockdown were also suspended because banking services w
