S. Korean, Chinese business meeting called off over THAAD

[THE INVESTOR] A conference of South Korean and Chinese business leaders has been called off over issues surrounding a US missile defense system.

According to the Federation of Korean Industries, the China International Council for the Promotion of Multinational Corporations demanded the Terminal High Altitude Area Defense missile system be included in the agenda.

Seoul’s decision to bring in the US’s THAAD system has been met with criticism from China, and concerns have risen that China could retaliate through economic measures against South Korea.

The FKI and the CICPMC have been holding the annual conference since 2012. This year’s conference was scheduled to be held Aug. 23 in China.

By Choi He-suk (cheesuk@heraldcorp.com)