Over half of South Korean companies are preparing to either reduce or withdraw businesses from China over its stringent zero-COVID measures, according to a recent survey. Meanwhile, some 40 percent of the respondents urged the South Korean government to intervene by informing the Chinese regime of their losses and providing solutions.
In mid-June, the Shanghai branch of the Korea International Trade Association (KITA) surveyed 177 South Korean companies in China on the effects of Beijing’s zero-COVID policy on their businesses and their plans.
