As the US ships the Terminal High Altitude Area Defense (THAAD) system to S Korea, the government in Seoul is scrambling to respond to China’s retaliation. China has put pressure on S Korean business to oppose the installation of THAAD, leading to the closure of Lotte retail locations in China, as well as a ban on travel tours to S Korea. In response, the government in Seoul will provide loans to companies affected by China’s actions. A senior member of the country’s ruling party also said on Tuesday that the country will actively consider filing a petition with the WTO, reported the Korea Herald.
Terminal High Altitude Area Defense (THAAD) interceptor. Photo: Reuters
Korea to consider WTO petition against China amid THAAD row
Seoul struggles to respond to informal trade pressure from Beijing.