The South Korean Navy Wants to Go Nuclear nationalinterest.org - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from nationalinterest.org Daily Mail and Mail on Sunday newspapers.
The Biden administration has adopted an overarching strategy of renewing relations with allies and partners to counter China where necessary, while also cooperating with Beijing when it is in the United States’ interest to so. As competition between Washington and Beijing heats up, however, avenues to resolve conflicts peacefully between the two major powers remain limited. A recent USIP report brought together U.S. and Chinese authors to offer recommendations on how the two powers can enhance strategic stability. But how do U.S. allies and partners factor in and what steps would they like Washington and Beijing to take to prevent conflict and manage crises?
Amid THAAD fuss, Hyundai, SK selling key assets in China
Posted : 2021-05-30 16:45
By Kim Hyun-bin
Korean business conglomerates are busy selling off assets in China as a series of events there have negatively impacted their businesses over the past several years.
The pandemic and China s economic retaliation against the deployment of a U.S. Terminal High Altitude Area Defense (THAAD) anti-missile system in Korea deployment controversy have led to declining sales and forced Korean companies to restructure their business portfolios in China, industry officials said, Sunday.
Hyundai Motor is seeking to sell its first Beijing plant. Hyundai is in talks with the Beijing Shunyi district government to sell its plant, an industry official said. The plant was established in 2002 with an annual production capacity of 300,000 vehicles. It was the start of Hyundai s China endeavors and helped expand the company s market share in the world s largest car market.