‘No retaliation’ from China over THAAD
Print Edition
SOUTH Korea’s finance minister said yesterday that China had not taken any retaliatory measures over plans to deploy a US anti-missile system that warranted official action, but South Korea is ready to lodge a formal complaint if needed.
Yoo Il-ho was responding to questions from legislators on whether China was taking action against South Korean companies over the planned deployment later this year of the US Terminal High Altitude Area Defense (THAAD) system.
China has expressed concern the system’s radar can penetrate its territory and it has objected to the deployment.
“If China officially takes unfair action against South Korea we would openly move against it, but as long as China says its moves are not related to THAAD and rather, local measures at home, the South Korean government cannot accuse China of retaliating,” said Yoo.
On Wednesday, South Korea’s Lotte Group said Chinese authorities had halted construction at a real estate project in the northeastern city of Shenyang.
Yoo said Lotte executives had told the government the Chinese decision was not directly related to the deployment of THAAD.
South Korea and the United States have said the missile system is only intended to defend against North Korea.
The Bank of Korea said the number of Chinese tourists going to South Korea’s Jeju island, had fallen 6.7 percent over the Lunar New Year holiday from last year.
It said yesterday that the fall was partly due to “anti-South Korea measures due to the THAAD deployment decision.”
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