October 19, 2024
Economy
[GRAPHIC NEWS] China-related Korean firms suffer from THAAD plan
[THE INVESTOR] The market capitalization of the top 10 Korean companies related to consumption in China, such as cosmetics, travel and food, contracted from 61.8 trillion won on July 7 to 50.6 trillion won on Aug. 5, showed a report by Samsung Securities. Their stock prices continued to drop after South Korea and the U.S. announced on July 8 a plan to deploy the Terminal High Altitude Area Defense system here.
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