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	<title>SI Innotec - Garner Ted Armstrong Evangelistic Association</title>
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		<title>Fearing China, South Korea targets firms building Taiwan navy submarines</title>
		<link>https://www.garnertedarmstrong.org/fearing-china-south-korea-targets-firms-building-taiwan-navy-submarines/?utm_source=rss&#038;utm_medium=rss&#038;utm_campaign=fearing-china-south-korea-targets-firms-building-taiwan-navy-submarines</link>
		
		<dc:creator><![CDATA[Ju-min Park | Reuters]]></dc:creator>
		<pubDate>Mon, 16 Oct 2023 22:33:58 +0000</pubDate>
				<category><![CDATA[Breaking News]]></category>
		<category><![CDATA[Far East]]></category>
		<category><![CDATA[News]]></category>
		<category><![CDATA[China]]></category>
		<category><![CDATA[SI Innotec]]></category>
		<category><![CDATA[South Korea]]></category>
		<category><![CDATA[submarine equipment]]></category>
		<category><![CDATA[Taiwan]]></category>
		<category><![CDATA[trade laws]]></category>
		<guid isPermaLink="false">https://www.garnertedarmstrong.org/?p=44647</guid>

					<description><![CDATA[<p>SEOUL, Oct 16 (Reuters) &#8211; South Korean authorities cited the risk of Chinese economic retaliation when they charged marine technology firm SI Innotec last year with violating trade laws for its work on Taiwan&#8217;s new military submarine program, according to a police document seen by Reuters and two people familiar with the matter. In a...</p>
<p>The post <a href="https://www.garnertedarmstrong.org/fearing-china-south-korea-targets-firms-building-taiwan-navy-submarines/">Fearing China, South Korea targets firms building Taiwan navy submarines</a> first appeared on <a href="https://www.garnertedarmstrong.org">Garner Ted Armstrong Evangelistic Association</a>.</p>]]></description>
										<content:encoded><![CDATA[<p class="text__text__1FZLe text__dark-grey__3Ml43 text__regular__2N1Xr text__small__1kGq2 body__full_width__ekUdw body__small_body__2vQyf article-body__paragraph__2-BtD" data-testid="paragraph-0">SEOUL, Oct 16 (Reuters) &#8211; South Korean authorities cited the risk of Chinese economic retaliation when they charged marine technology firm SI Innotec last year with violating trade laws for its work on Taiwan&#8217;s new military submarine program, according to a police document seen by Reuters and two people familiar with the matter.</p>
<p class="text__text__1FZLe text__dark-grey__3Ml43 text__regular__2N1Xr text__small__1kGq2 body__full_width__ekUdw body__small_body__2vQyf article-body__paragraph__2-BtD" data-testid="paragraph-1">In a Feb. 17, 2022 affidavit to a judge seeking the arrest of SI Innotec executive director Park Mal-sik, police said authorities feared a repeat of the sweeping sanctions imposed by Beijing in 2016, after Seoul decided to install THAAD, a U.S. anti-missile system. China agreed to lift those measures in late 2017.</p>
<p class="text__text__1FZLe text__dark-grey__3Ml43 text__regular__2N1Xr text__small__1kGq2 body__full_width__ekUdw body__small_body__2vQyf article-body__paragraph__2-BtD" data-testid="paragraph-2">The affidavit said SI Innotec&#8217;s deal to supply Taiwan with submarine manufacturing equipment &#8220;directly impacts the overall security of South Korea&#8221; and police, who had consulted with the country&#8217;s arms sales regulator, were &#8220;concerned about a crisis similar to a second THAAD deployment, such as economic retaliation&#8221;.</p>
<p class="text__text__1FZLe text__dark-grey__3Ml43 text__regular__2N1Xr text__small__1kGq2 body__full_width__ekUdw body__small_body__2vQyf article-body__paragraph__2-BtD" data-testid="paragraph-3">The Defense Acquisition Program Administration (DAPA)regulator had told an unidentified subcontractor that the government had &#8220;export concerns&#8221; regarding Taiwan, and &#8220;takes a very cautious stance&#8221; on such approvals, the affidavit said.</p>
<p data-testid="paragraph-3">Continue reading <a href="https://www.reuters.com/world/asia-pacific/fearing-china-south-korea-targets-contractors-taiwan-navy-submarines-2023-10-16/">HERE</a></p>
<p data-testid="paragraph-3"><strong>Source:</strong> https://www.reuters.com/world/asia-pacific/fearing-china-south-korea-targets-contractors-taiwan-navy-submarines-2023-10-16/</p>
<hr />
<p data-testid="paragraph-3">[<a href="https://www.garnertedarmstrong.org/news/disclaimer/" target="_blank" rel="noopener">Disclaimer</a>]<p>The post <a href="https://www.garnertedarmstrong.org/fearing-china-south-korea-targets-firms-building-taiwan-navy-submarines/">Fearing China, South Korea targets firms building Taiwan navy submarines</a> first appeared on <a href="https://www.garnertedarmstrong.org">Garner Ted Armstrong Evangelistic Association</a>.</p>]]></content:encoded>
					
		
		
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