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Archive for the ‘South Korea’ Category

South Korea and Mercosur Revive Free Trade Talks After Five-Year Stall

News, South Korea, Trade talks

February 24, 2026

South Korea and the South American trade bloc Mercosur are set to revive negotiations for a free trade agreement after talks stalled five years ago. The breakthrough came on February 23 during a meeting between Brazilian President Luiz Inácio Lula da Silva and South Korean President Lee Jae-myung, as reported by VisaHQ. The negotiations, which […]

South Korea and the United States Open Talks to Support Stable Semiconductor Trade

News, South Korea, Trade

January 19, 2026

South Korea is set to engage in discussions with the United States to secure favourable tariff conditions on semiconductor products, highlighting ongoing effortsSouth Korea and the. United States Open Talks to Support Stable Semiconductor Trade to strengthen trade cooperation in the global technology sector. Officials said the move aims to ensure fair and balanced [...]

South Korea Plans Incentives to Boost Investment and Trade Stability

News, South Korea, Trade and Investments

November 19, 2025

South Korea is preparing new incentives to encourage long-term participation in its stock market as part of broader efforts to reinforce financial stability and enhance the country’s trade competitiveness, the finance minister announced on Wednesday. Since President Lee Jae Myung took office in June, the administration has introduced reform commitments aimed at improving market […]

Georgia Governor Visits South Korea to Strengthen Economic and Trade Relations

Georgia, International Relations, News, South Korea

October 23, 2025

Georgia Governor Brian Kemp is visiting South Korea this week to meet with business leaders and strengthen bilateral economic relations, according to the Maeil Business Newspaper. The visit underscores ongoing efforts to deepen trade cooperation and investment opportunities between Georgia and South Korea. The meetings aim to enhance collaboration in advanced manufacturing, clean energy, […]

South Korea and United States Discuss Foreign Exchange Swap as Part of Ongoing Trade Talks

News, South Korea, Trade talks

October 13, 2025

South Korea is in discussions with the United States to establish a bilateral foreign exchange (FX) swap line as part of broader trade negotiations, according to Finance Minister Koo Yun-cheol. The initiative aims to ensure financial stability and address concerns about how upcoming U.S. investments could influence South Korea’s currency market. Speaking at a […]

South Korea Leverages Cultural Exports for Economic Growth

International Trade and Export, News, South Korea

August 21, 2025

South Korea is turning to cultural exports as a new driver of growth, as traditional manufacturing faces challenges from global protectionist measures. The Korean Wave, or Hallyu, continues to make an impact worldwide, with music, films, television shows, literature, and games gaining international recognition. Notable achievements in recent years include an Oscar-winning film, globally […]

U.S. and South Korea Explore Strategic Trade Cooperation to Support Key Industries

News, South Korea, Trade Agreements, United States

July 10, 2025

The United States and South Korea are in advanced discussions to strengthen trade cooperation, particularly in the shipbuilding sector, with both nations exploring ways to align strategies for long-term industrial competitiveness and balanced market access. According to a senior South Korean trade official, the U.S. is seeking closer collaboration with Seoul as part of […]

South Korea Becomes Global Trade Leader in Cosmetics, Surpasses U.S. in Exports

International Trade and Export, News, South Korea

July 2, 2025

South Korea has achieved a significant milestone in international trade, rising to become the world’s second-largest exporter of cosmetics—overtaking the United States and now trailing only behind France. This achievement reflects the country’s growing strength in high-value, innovation-driven exports and its expanding influence in global consumer markets. Between January and April 2025, South Korea […]

U.S. and South Korea Strengthen Dialogue on Tariff and Trade Cooperation

News, South Korea, Trade Agreements, United States

June 23, 2025

In a continued effort to enhance bilateral economic ties, trade ministers from the United States and South Korea reaffirmed their shared commitment to finalizing a tariff agreement during high-level discussions held on Monday. According to South Korea’s Ministry of Trade, Industry and Energy, Trade Minister Yeo Han-koo engaged with U.S. Secretary of Commerce Howard […]

South Korea Advances Bilateral Trade Dialogue with U.S. to Strengthen Economic Cooperation

Economic Relations, News, South Korea

June 20, 2025

South Korea’s Chief Trade Negotiator, Yeo Han-koo, is set to visit the United States from June 22 to 27 to engage in a new round of bilateral discussions aimed at enhancing trade relations between the two economies. The visit underscores the continued commitment of both nations to deepen their economic partnership amid evolving global trade […]

South Korea Enhances Trade Collaboration with US Through New Task Force

News, South Korea, Trade Relations

June 16, 2025

South Korea has taken a proactive step to strengthen its international trade ties by launching a specialized task force focused on enhancing negotiations with the United States. The initiative, announced by the Ministry of Industry, centers on addressing tariff and non-tariff concerns in key sectors such as manufacturing, energy, and investment. The newly formed […]

South Korea Appoints Yeo Han-Koo as Trade Minister to Lead Strategic Tariff Negotiations

News, South Korea, Trade Policy

June 10, 2025

The Government of South Korea has officially appointed Yeo Han-Koo as the new Trade Minister, marking a strategic step in advancing the nation’s trade objectives and tariff negotiations, particularly with the United States. The announcement, made by the president’s office on Tuesday, underscores the administration’s commitment to strengthening international trade ties and addressing key sectoral […]

South Korea and U.S. Commit to Accelerating Tariff Agreement for Stronger Trade Ties

News, South Korea, Trade Agreements, United States

June 6, 2025

South Korea’s newly elected President Lee Jae-myung and U.S. President Donald Trump have agreed to work toward a timely and mutually beneficial tariff agreement, reflecting both nations’ commitment to strengthening bilateral trade and economic collaboration. In their first official phone call following President Lee’s election, the two leaders expressed a shared vision for reaching […]

South Korea Engages in Trade Talks to Address U.S. Steel Tariff Impact

News, South Korea, Trade Policy

June 1, 2025

South Korea’s Ministry of Trade, Industry and Energy has announced proactive steps to address the upcoming 50% U.S. tariff on imported steel products. The government is committed to minimizing disruption to its domestic steel industry through continuous dialogue and trade negotiations with Washington. The tariff hike, set to take effect this Wednesday, marks a […]

South Korea Boosts Trade Resilience as It Ramps Up Support for Key Export Sectors Amid US Tariffs

News, South Korea, Trade

May 22, 2025

In a proactive move to enhance supply chain resilience and support key sectors, South Korea announced expanded policy support for major export industries including biopharmaceuticals and automobiles, as new US tariffs begin to take effect. As global trade dynamics shift, the South Korean government is positioning itself to strengthen its economic foundations by helping […]

South Korea Advances Trade Talks With U.S. to Secure Tariff Exemptions

News, South Korea, Trade

April 26, 2025

South Korea is taking proactive steps to strengthen trade relations with the United States, approaching ongoing discussions with a spirit of cooperation and strategic focus. Industry Minister Ahn Duk-geun shared that early negotiations between South Korea and the United States have started positively. After returning from Washington, he emphasized that Seoul plans to monitor […]

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