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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

Trump signs 25% tariff on steel imports

WASHINGTON -- US President Donald Trump on Thursday signed a 25 percent tariff on steel imports that is certain to add pressure on South Korean exports. Trump signed two proclamations -- one for steel and another for a 10 percent ... Read More

Korea faces 40 import restrictions from US in Feb

Korea faced far more import restrictions from the United States than any other country in February amid Washington's growing trade pressure on its ally, a trade body said Wednesday. Asia's fourth-largest economy was subject to 196 import regulations from the ... Read More

Seoul all out to counter US 25% tariff on steel imports

South Korea is making last-minute struggles this week to exempt itself from the US government’s impending steel tariff which would strike a heavy blow to steel producers here and the nation’s export-dependent economy. Unlike other major steel exporting states such ... Read More



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