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Archive for the ‘South Korea’ Category

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 […]

South Korea and U.S. Progress Toward Positive Trade Package Ahead of Tariff Deadline

International Trade, News, South Korea

April 24, 2025

South Korea and the United States are making promising strides toward a mutually beneficial trade package ahead of the July deadline, when the current pause on reciprocal tariffs is set to expire. The initiative reflects both nations’ shared commitment to strengthening trade ties and supporting key industries through cooperative economic strategies.   Following high-level discussions […]

South Korea Aims for Positive Breakthrough in U.S. Auto Tariff Discussions

International Trade, News, South Korea

April 22, 2025

South Korea is actively engaging in trade discussions with the United States with the goal of reaching a timely and favorable solution on auto-related tariffs. As one of Asia’s major exporting economies, South Korea is reinforcing its commitment to collaborative trade relationships that support mutual growth.   Ahead of high-level meetings in Washington, South Korea’s […]

China, Japan, and South Korea Discuss U.S. Tariffs to Strengthen Regional Trade Stability

China, International Trade, Japan, News, South Korea

April 10, 2025

In a constructive move to promote regional trade resilience, central bank and finance officials from China, Japan, and South Korea met to discuss the impact of U.S. tariffs and reaffirm their commitment to financial cooperation and economic stability in Asia.   The dialogue took place during the ASEAN+3 Finance and Central Bank Deputies’ Meeting held […]

South Korea Aims to Strengthen Tariff Talks With U.S.

News, South Korea, Trade Relations

April 9, 2025

 South Korea’s acting President Han Duck-soo announced the country’s commitment to advancing tariff negotiations with the United States, according to a report by Yonhap News Agency.   Speaking at a government briefing, Han emphasized the importance of accelerating dialogue to ease current trade burdens and foster stronger economic cooperation between the two nations. This move […]

South Korea’s Export Growth Signals Strong Trade Momentum

News, South Korea, Trade and Export

March 31, 2025

South Korea’s export sector continued its positive trajectory in March, marking the second consecutive month of growth and reinforcing the country’s resilience in global trade. Outbound shipments reached $58.24 billion, reflecting a 3.1% increase from the previous year, as demand for key industries remained strong.   Semiconductor exports surged by 11.9%, showcasing the country’s leadership […]

South Korea, China, and Japan Strengthen Regional Trade for Economic Growth

China, International Trade and Economic, Japan, News, South Korea

March 29, 2025

In a significant step toward fostering regional economic growth, South Korea, China, and Japan have reaffirmed their commitment to strengthening trade cooperation. The three nations, known for their strong export-driven economies, held their first high-level economic dialogue in five years, aiming to enhance trade integration and boost market opportunities.   During the ministerial meeting, officials […]

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