Koreanbusiness

The government appears to have no effective tools to protect Korean businesses from mounting Chinese retaliation against the deployment of a U.S. anti-missile system here, leaving the private sector bleeding. When the Park Geun-hye administration signed a deal with the United States last July on the deployment of a Terminal High Altitude Area Defense (THAAD) unit, it said it had effective measures to deal with China. However, this is now being proven an empty promise as China is taking a full range of retaliatory measures unilaterally.