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Archive for the ‘South Korea’ Category

South Korea’s Export Growth Strengthens with Semiconductor Surge

International Trade and Export, News, South Korea

March 27, 2025

South Korea’s export sector continues to show resilience, with March marking the second consecutive month of growth, driven by a strong demand for semiconductors. This positive trend underscores the country’s vital role in global trade and technology supply chains.   A survey of economists projects a 3.5% year-on-year increase in exports, building on February’s 0.7% […]

South Korea and U.S. Delegation Strengthen Energy and Trade Cooperation

Energy Trade, News, South Korea, United States

March 24, 2025

South Korea is set to welcome a high-level U.S. delegation to explore new opportunities for collaboration in energy, infrastructure, and advanced manufacturing. The visit underscores the strong trade relationship between the two economies and aims to enhance energy security while fostering investment in key industrial sectors.   With a focus on expanding energy cooperation, discussions […]

South Korea and U.S. Expand Trade Cooperation with Energy and Infrastructure Talks

Economic Development, News, South Korea

March 4, 2025

South Korea and the United States are deepening their trade and economic partnership by forming a working group focused on energy collaboration, shipbuilding, and trade policies, including discussions on the Alaska LNG project and tariff adjustments. This initiative aims to enhance bilateral trade, strengthen energy security, and create new business opportunities for both nations.   […]

South Korea and U.S. Strengthen Trade Cooperation

News, South Korea, Trade Relations, United States

March 3, 2025

South Korea’s Acting President Choi Sang-mok emphasized the importance of unity among the government, parliament, and private sector to enhance the country’s trade strategies and strengthen economic ties with the United States.   During a recent cabinet meeting, Choi highlighted the progress in discussions between South Korea and the U.S., announcing the formation of a […]

South Korea and U.S. Strengthen Trade and Investment Dialogue

News, South Korea, United States

February 27, 2025

South Korea and the United States have reaffirmed their commitment to strong economic ties through high-level discussions on trade and investment. South Korea’s Acting President and Finance Minister, Choi Sang-mok, held a video conference with U.S. Treasury Secretary Scott Bessent on February 28, 2025, focusing on tariffs, investment cooperation, and foreign exchange policies.   During […]

South Korea Expands Trade Cooperation with the United States

International Trade, News, South Korea

February 20, 2025

Japan is exploring opportunities to increase its imports of natural gas from the United States, reinforcing trade ties and enhancing energy security in the region. Recent discussions between Japanese and U.S. officials highlighted the potential of expanding natural gas trade, which could support economic growth and strengthen global supply chains.   A key focus of […]

South Korea Unveils Record $249 Billion Trade Policy Financing to Support Exporters

News, South Korea, Trade Policy

February 17, 2025

In an effort to support South Korean exporters, Acting President Choi Sang-mok announced a landmark plan to provide 360 trillion won (approximately $249.3 billion) in trade policy financing. The initiative aims to help businesses navigate the challenges posed by evolving global trade dynamics and increasing pressures from U.S. tariff policies.   At a cabinet meeting […]

South Korea Strengthens Trade and Economic Growth Through Fiscal Measures

Economic Development, News, South Korea

February 11, 2025

South Korea’s Acting President Choi Sang-mok has called for a unified effort in parliament to approve an extra budget aimed at boosting trade and sustaining economic momentum. Emphasizing the importance of proactive financial measures, Choi highlighted the role of strategic investments in ensuring South Korea remains a competitive player in the global marketplace.   “I […]

South Korea’s Manufacturing Expansion Reinforces Global Trade Strength

Global Trade, News, South Korea

February 2, 2025

South Korea’s manufacturing sector started the year on a strong note, with factory activity expanding in January due to robust international demand. This signals a recovery in production and highlights the country’s crucial role in global trade.   According to S&P Global’s latest Purchasing Managers’ Index (PMI) report, South Korea’s PMI rose to 50.3 in […]

South Korea Takes Bold Step to Strengthen Export Support as Trade Shifts

International Trade, News, South Korea

January 19, 2025

In response to potential changes in global trade dynamics, South Korea is making strategic moves to bolster its export sector and ensure the stability of its supply chains. The government has announced a significant increase in financing support for exporters, allocating a record 360 trillion won ($247.74 billion) in policy financing through state-run banks and […]

South Korea Explores Expanded US Imports to Strengthen Trade Ties

News, South Korea, Trade Relations

January 19, 2025

South Korea is exploring opportunities to enhance its trade relations with the United States by increasing imports of American agricultural products and energy resources. These initiatives aim to bolster economic ties and support mutual growth in one of the world’s most significant trade partnerships.   As a major importer of US agricultural goods, South Korea […]

Philippines and South Korea Trade Agreement to Boost Banana Exports

Free Trade Agreements, News, Philippines, South Korea

December 19, 2024

The forthcoming trade agreement between the Philippines and South Korea is set to create new opportunities for the Philippine banana industry. Starting on January 1, 2025, the agreement will reduce tariffs on bananas, making the country’s exports more competitive in the South Korean market.   Trade Secretary Ma. Cristina Roque highlighted the potential benefits during […]

Philippines and Korea Strengthen Trade Ties and Drive Connectivity Through New Agreement

International Relations, News, Philippines, South Korea

December 18, 2024

The National Economic and Development Authority Board has approved the implementation of the free trade agreement between the Philippines and Korea, marking a significant milestone in enhancing economic collaboration and trade relations. This agreement aims to reduce market barriers, foster investment opportunities, and provide expanded access to goods and services between the two countries.   […]

South Korea Targets $15 Billion in Energy Exports by 2030

Energy Export, News, South Korea

December 4, 2024

South Korea is ramping up its efforts to expand its presence in the global energy infrastructure market. The government has launched a new initiative aimed at boosting the country’s energy exports, particularly in the areas of power generation, transmission, and distribution.   With growing global demand for energy infrastructure, driven by technological advancements and the […]

South Korea’s Exports Surge in January, Fueled by Chip Sales and China Rebound

China, Economic Development, News, South Korea

December 3, 2024

South Korea’s trade-reliant economy started 2024 on a positive note as exports rose for the fourth consecutive month. The surge in sales to China and the significant increase in chip shipments, the largest in six years, contributed to this boost.   January’s trade data indicated the favorable momentum, complemented by a national factory activity survey […]

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