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Finance Minister South Korea Vows Best Efforts to Tackle Steel Import Tariffs

Deputy Prime Minister and Finance Minister Kim Dong-yeon says the government will exert all-out efforts to resolve key trade issues with the U.S. Appearing on a radio program on Friday, Kim said the government will first do its best to ... Read More

Strategic approach needed to cope with US protectionism

Calls are rising for President Moon Jae-in’s administration to be more strategic and flexible in coping with mounting US trade protectionism, which is casting a broadening shadow on Korea’s exports. Moon instructed his aides last month to confidently and resolutely ... Read More

S. Korea to maintain 3% growth for 2018-2019: OECD

Amid a global economic recovery boosted by extended investment and trade, South Korea is expected to maintain its 3 percent growth momentum throughout year 2018 and 2019, according to the Organization for Economic Cooperation and Development. In its interim economic ... Read More

Seoul vows to deter steel tariffs at all costs

South Korea’s top policymakers are taking all efforts this week to lift the US President Donald Trump administration’s incoming tariff on steel imports, which is slated to take effect on March 23 and consequently deliver a heavy blow to local ... Read More

Korea posts 6th fastest export growth among G20 members in 2017: report

Korea's export growth rate ranked No. 6 among Group of Twenty nations last year, while its imports rose at the fourth-fastest clip, a report showed Sunday. According to the Organization for Economic Cooperation and Development, Asia's fourth-largest economy shipped out ... Read More

South Korea’s ice cream market faces hurdles due to fewer children

South Korea's ice cream market has been shrinking in recent years, industry data showed Saturday, apparently due to the falling number of children coupled with growth of cafes offering alternative desserts. According to data compiled by the Korea Agro-Fisheries & ... Read More

[News Analysis] US steel tariff reveals loophole in Seoul’s trade action plan

Amid the fallout of the US administration’s latest tariff on all steel imports, the South Korean government is facing criticism for its “lax” countermeasures to an issue that is likely to cause multitrillion won losses to local industries over the ... Read More

Korea expresses regrets over US steel tariffs, mulls WTO complaint

South Korea's trade minister on Friday expressed regret over the decision by the United States to slap stiff tariffs on steel imports, saying the nation will consider filing a complaint with the World Trade Organization if it is not exempted. ... Read More

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