Is China really an enemy of South Korea? If South Korea aligns with the US strategy and pushes China into a hostile position, can South Korea bear the consequences?
Despite the seemingly strengthened US-South Korea alliance, the importance of China-South Korea economic cooperation is still irreplaceable for the South Korean economy.
About half of the South Korean companies in China said their sales and profits are likely to have decreased in 2022 due to reduced local demand, fierce market competition and the ongoing epidemic, according to a survey released by the Korea Institute for Industrial Economic and Trade on Wednesday, South Korean business news portal Business Korea reported.