Monday, September 18, 2017
Mutual loss for China and South Korea over THAAD issue
ANBOUND
Affected by the Terminal High Altitude Area Defense (THAAD) issue, South Korea's Lotte Group has decided to sell supermarket stores in China, with many other South Korean companies in China also facing performance decline. As the THAAD issue has become certain, Anbound believes that the previous situation where Korea depends on the United States for its national security and China for its economy can longer be maintained. It is estimated that the trend where South Korea capital withdrawing from China is becoming a trend. China will lose part of the Korean capital, and South Korea will lose part of the Chinese market. This is a "mutual loss" situation.