The Korea Times close
National
  • Politics
  • Foreign Affairs
  • Multicultural Community
  • Defense
  • Environment & Animals
  • Law & Crime
  • Society
  • Health & Science
Business
  • Tech
  • Bio
  • Companies
Finance
  • Companies
  • Economy
  • Markets
Opinion
  • Editorial
  • Columns
  • Thoughts of the Times
  • Cartoon
  • Today in History
  • Blogs
  • Tribune Service
  • Blondie & Garfield
  • Letter to President
  • Letter to the Editor
Lifestyle
  • Travel & Food
  • Trends
  • People & Events
  • Books
  • Around Town
  • Fortune Telling
Entertainment
& Arts
  • K-pop
  • Films
  • Shows & Dramas
  • Music
  • Theater & Others
Sports
World
  • SCMP
  • Asia
Video
  • Culture
  • People
  • News
Photos
  • Photo News
  • Darkroom
  • The Korea Times
  • search
  • Site Map
  • E-paper
  • Subscribe
  • Register
  • LogIn
search close
  • The Korea Times
  • search
  • Site Map
  • E-paper
  • Subscribe
  • Register
  • LogIn
search close
National
  • Politics
  • Foreign Affairs
  • Multicultural Community
  • Defense
  • Environment & Animals
  • Law & Crime
  • Society
  • Health & Science
Sat, July 2, 2022 | 02:10
Business
Sales of Chinese goods in S. Korea not yet affected despite missile row
Posted : 2017-03-08 15:52
Updated : 2017-03-08 15:52
Print Preview
Font Size Up
Font Size Down
Chinese products have yet to suffer from a setback in sales in South Korea despite Beijing's retaliation against South Korean products over Seoul's deployment of an advanced US missile defense system, industry sources said Wednesday.

Beijing insists the installation of the Terminal Altitude Area Defense (THAAD) will undermine China's security interests, although Seoul says it is to defend against North Korean provocations, not against China.

The Chinese government has shut down many Lotte outlets in China, citing violations of fire safety regulations while banning imports of Korean pop culture content and the sale of tour packages to South Korea.

E-Mart, South Korea's largest discount chain, said Wednesday that sales of Chinese beer Tsingtao surged 16.8 percent during the first week of this month compared to the same period last year.

A convenience store chain also said sales of Tsingtao beer shot up 27 percent during the first six days of this month from a year earlier.


Sales of Chinese consumer electronics declined in recent weeks at Lotte HiMart, but the decrease should be attributed to a seasonal factor rather than the diplomatic row, a Lotte Himart official said.

Lotte HiMart said sales of Chinese TV sets dropped 20 percent for the first week of this month from a year earlier.


Sales of Chinese refrigerators at Lotte HiMart fell 60 percent, washing machines 4 percent and batteries 70 percent during the same time span.

"Sales of Chinese products dropped drastically, but sales of Korean products also fell similarly," he said. "We have yet to see any impact from THAAD. Personal computers sell a lot in February and March and televisions and fridges sell in large quantities as the furnishings for weddings in March and April."

Some SNS postings, however, are openly calling for a boycott of Chinese products.

"I am reluctant to buy Chinese batteries as I've heard South Korean companies are suffering from difficulties in China," an online post said. "However, it will be the worst situation we should avoid that South Korea and China boycott each other's products and stage a war of nerves." (Yonhap)


 
LG
LG
  • 'Crypto rebound will be more powerful than stocks'
  • Economic Essay Contest for University Students
  • Baemin, Coupang Eats scramble to retain delivery drivers
  • Yoon dismisses China's claim that Korea is joining NATO's Indo-Pacific expansion
  • Yoon heads home after attending NATO summit in Spain
  • 1,000 people evacuated from building in central Seoul after tremor
  • Negative views of China among Koreans hit all-time high: survey
  • Yellen to discuss supply chains, imposing costs on Russia during visit to Seoul
  • Bodies of child, parents found in vehicle recovered from water
  • Ruling party's odd man out
  • Korean studies struggles to grow despite success of K-pop, K-dramas Korean studies struggles to grow despite success of K-pop, K-dramas
  • [INTERVIEW] Bae Suzy shows another side in 'Anna' [INTERVIEW] Bae Suzy shows another side in 'Anna'
  • Korea's 1st queer romance reality show to hit air July 8 Korea's 1st queer romance reality show to hit air July 8
  • [INTERVIEW] Filmmaker points lens at North Korea's political prison camps [INTERVIEW] Filmmaker points lens at North Korea's political prison camps
  • Naver Webtoon launches horror-themed playground in metaverse Naver Webtoon launches horror-themed playground in metaverse
DARKROOM
  • Afghanistan earthquake killed more than 1,000

    Afghanistan earthquake killed more than 1,000

  • Divided America reacts to overturn of Roe vs. Wade

    Divided America reacts to overturn of Roe vs. Wade

  • Namaste: Yogis to celebrate International Yoga Day

    Namaste: Yogis to celebrate International Yoga Day

  • Poor hit harder by economic crisis

    Poor hit harder by economic crisis

  • Roland Garros 2022

    Roland Garros 2022

The Korea Times
CEO & Publisher : Oh Young-jin
Digital News Email : webmaster@koreatimes.co.kr
Tel : 02-724-2114
Online newspaper registration No : 서울,아52844
Date of registration : 2020.02.05
Masthead : The Korea Times
Copyright © koreatimes.co.kr. All rights reserved.
  • About Us
  • Introduction
  • History
  • Location
  • Media Kit
  • Contact Us
  • Products & Service
  • Subscribe
  • E-paper
  • Mobile Service
  • RSS Service
  • Content Sales
  • Policy
  • Privacy Statement
  • Terms of Service
  • 고충처리인
  • Youth Protection Policy
  • Code of Ethics
  • Copyright Policy
  • Family Site
  • Hankook Ilbo
  • Dongwha Group