Half of S.Korean Businesses in China in the Red In mid-December of last year, the executives and employees of a medium-size South Korean leather company in China ran away under cover of night. About 30 South Korean executives and employees of company "S", including its president, fled to a nearby city and eventually left China, leaving the factory and facilities behind. Company S had been losing money because of a price war with Chinese competitors. It left behind debts of tens of millions of dollars owed to banks and skipped out on paying the wages of some 300 Chinese workers....