South Korea

India Blocks China-Backed World Trade Organization Investment Deals

India and South Africa on Wednesday blocked the passage of a major investment agreement at the World Trade Organization (WTO) conference in Abu Dhabi, potentially scuttling hundreds of billions of dollars in investments — many of them slated for developing countries of the “Global South,” which India frequently claims to champion.

Chinese President Xi Jinping is seen during the Asia-Pacific Economic Cooperation (APEC) L

Saudis Buy $3.2 Billion Missile Defense System from South Korea, Shop for Chinese Weapons

The South Korean Ministry of National Defense on Tuesday announced Saudi Arabia has agreed to purchase a $3.2 billion surface-to-air missile defense system, while China gushed that its weapons “attracted great interest” from the Saudis at a defense show in Riyadh over the weekend. The Saudis are also making strides with indigenously produced military systems, perhaps marking the definitive end of the Kingdom’s dependence upon the United States for defense products.

South Korea's Cheongung medium range surface-to-air missile system seen on display du