"This is a big blow to South Korea's economy, since China is a major trade partner", says Kiyoshi Ishigane, chief strategist at Mitsubishi UFJ Kokusai Asset Management.
"Our party adamantly opposes the rough-and-ready promotion of the THAAD deployment but also sternly opposes China's attitude which goes beyond the boundary and is unlike the mighty country by taking this as an opportunity", Choo said on Friday at a meeting of the party's supreme council. The author said nothing is better off in terms of THAAD in his country.
South Korea's foreign ministry has said it would be "most regrettable" if China stopped its nationals from visiting as part of retaliation against Seoul's move to host an advanced United States anti-missile system.
Beijing's latest pushback came after reports surfaced that the Defense Ministry in Seoul is pushing to compete the Thaad deployment by July instead of by the end of this year, as previously anticipated. The hurried push for THAAD was aimed to politicize security issues in the run-up to a possible early presidential vote.
During a session at the Legislative Yuan's Foreign Affairs and National Defense committee, legislators asked Feng whether Taiwan would host the USA anti-ballistic missile system THAAD. The Foreign Affairs Ministry in Seoul also announced Thursday that it kicked off negotiations with Washington to conclude terms of the Thaad deployment, which will deal with the provision of land in Seongju for the missile battery, among other issues.
A scandal embroiling South Korean President Park Geun-hye may have changed everything. The deployment date was moved forward as the scandal-hit president is forecast to be permanently removed from office on or before March 13.
The court is expected to soon rule on the impeachment, and if upheld a new presidential election would be scheduled within 60 days. "For that reason I am deeply concerned about the ongoing situation being caused by China", Ahn said.
First of all, China's threat broke some South Koreans' naive illusion that China is a good and generous neighbor. South Korea's largest cosmetics company, Amorepacific, which counts China as its key business, sank more than 10 percent, and tourism companies also fell. Besides, the measures are contradictory to Chinese President and General Secretary of the Communist Party of China Xi Jinping's remarks in favor of openness and anti-trade protectionism and this contradiction is likely to negatively affect the global image of China as well as its worldwide credit rating. They are meant to send a message to nuclear-powered North Korea, which has been developing missile and nuclear programs.
THAAD, which is created to shoot down short, medium and intermediate ballistic missiles, could help Taiwan become a country that enemies "would not dare to carelessly attack", according to local media. The two countries believe THAAD will be used to monitor their activities - a claim both the US and South Korea have dismissed.