Cheap Chinese goods have become a double-edged sword for South Korea’s economy
China has been dumping goods on global markets to make its way out of weakened domestic consumer demand in the middle of an economic slump.
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China has been dumping goods on global markets to make its way out of weakened domestic consumer demand in the middle of an economic slump.
This is CNBC's live blog covering Asia-Pacific markets.
Yet perhaps more worrying than frictions at the government level is the hardening of public sentiment on both sides. Polling reveals rising mutual antipathy between the South Korean and Chinese publics, stoking concerns about the long-term trajectory of one of Asia’s most consequential bilateral relationships.
South Koreans go to the polls on April 10 to select a new 300-member National Assembly. The parliamentary elections are widely seen as a midterm referendum on President Yoon Suk Yeol. They will also serve as a vote of confidence on the opposition Democratic Party, which has held majority control in the Assembly for the past four years.
SEOUL — Bus drivers in the South Korean capital of Seoul ended an hours-long strike on Thursday (March 28) after a deal was reached between the city's bus union and its employers over a wage hike, easing the commute for the city of more than nine million people.
Yoon would still be able to use his presidential executive orders and veto powers to cope with the opposition-controlled outgoing parliament. But an election defeat would weaken his say over the administration and deprive him of much influence over lawmakers from his party, political observers said.