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Trump Says Wants to Revive Steel Industry even if it Takes Import Tariffs

U.S. President Donald Trump has reaffirmed his intent to impose new tariffs on imports of aluminum and steel. In a meeting with state governors at the White House on Monday, Trump said he wants to bring the steel industry back ... Read More

Winter Olympics Raised South Korea GDP by 0.2%p in Q1

The PyeongChang Winter Games are believed to have raised the nation's GDP growth by zero-point-two percentage points in the first quarter. According to the presidential office on Friday, the Bank of Korea and the Finance Ministry estimate that the Olympics ... Read More

Neraca Perdagangan Surplus, Pertumbuhan Ekonomi RI Bakal Melonjak

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‘Critical’ economic momentum eyed for sustainable growth: finance minister

South Korea's economy needs critical growth momentum to mount a sustainable expansion going forward, the country's chief economic policymaker said Wednesday, stressing that innovative growth is crucial in that context. In a speech to businessmen, Finance Minister Kim Dong-yeon said Asia's fourth-largest economy is ... Read More

Korea demands long-term commitment, transparent management from GM

South Korea's commerce minister on Wednesday called on General Motors Co. to submit a feasible long-term investment plan and improve its opaque management style to restructure its operations here following its decision to shutter one of its car production plants. ... Read More

Korea’s inclusion in US tariff list ‘red light’ in relations with Washington

South Korea's inclusion in the United States' list of countries that could have a 53 percent tariff levied on their steel exports is a "red light" in economic relations between the two countries, the main opposition party said Monday. Imposition ... Read More

Korea signs FTA with five Central American nations

South Korea and five Central American nations signed a trade deal to lower tariffs and other barriers on a wide range of areas to expand business ties, Seoul's trade ministry said Wednesday. South Korea inked the free trade agreement with ... Read More

Lawmakers Criticize Response to GM Factory Closure and US Trade Pressure

The National Assembly's committee on trade and industry has held an emergency inquiry session on the closure of a General Motors(GM) factory in Gunsan as well as the U.S.' trade protectionist moves, including high tariffs on South Korean steel. During ... Read More

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