The Korea Herald

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[Monitor] China-related Korean firms suffer from THAAD plan

By Korea Herald

Published : Aug. 10, 2016 - 09:42

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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 on Monday. 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.