South Korean Industry Minister Kim Jung-kwan stated that the U.S. Commerce Secretary reaffirmed South Korea will not face tariffs exceeding the bilateral trade deal. This follows the USTR's proposal of tariffs on goods from 60 economies over forced labor import bans.
South Korea's Industry Minister Kim Jung-kwan met with Oman's OPAZ Chairman Qais bin Mohammed Al Yousef to discuss expanding economic cooperation, focusing on resources and logistics. Oman pledged oil and naphtha supplies amid the Middle East crisis.
South Korea's Industry Minister Kim Jung-kwan pledges $332.5M for AI-driven shipbuilding transformation, supporting small/medium-sized firms in global projects, including U.S. MASGA initiative and expansions to India, Vietnam, and the Philippines.
South Korea's Industry Minister Kim Jung-kwan met with Kyrgyzstan's Economy and Commerce Minister Bakyt Sydykov in Seoul to discuss expanding bilateral trade and cooperation in critical minerals. The ministers noted that bilateral trade reached a record $3.5 billion last year.
South Korean Industry Minister Kim Jung-kwan urged Samsung Electronics' labor union and management to reach a settlement in wage talks, as a planned strike looms. The union demands performance bonuses equal to 15% of the semiconductor division's operating profit.
South Korean Industry Minister Kim Jung-kwan praised gas stations for their efforts in stabilizing the domestic fuel market, which has seen relatively low price increases compared to other nations due to a government price cap scheme.
South Korea's Industry Minister Kim Jung-kwan met with private and academic officials in Ulsan to discuss AI transformation of the city's industrial complex, focusing on petrochemical, automobile, and shipbuilding sectors under the Manufacturing AX Alliance.
SEOUL, May 10 (Yonhap) -- South Korean Industry Minister Kim Jung-kwan has met w...
SEOUL, May 7 (Yonhap) -- Industry Minister Kim Jung-kwan has met with Canadian g...
SEOUL, May 5 (Yonhap) -- Industry Minister Kim Jung-kwan left for Canada on Tues...
Industry Minister Kim Jung-kwan pledged active government support for companies reshoring to South Korea, announcing plans to broaden recognition criteria, ease subsidy requirements, and strengthen strategic focus. Kolmar Korea Co. became the first company to return to Korea this year, planning a 187 billion won investment in Sejong City amid rising global trade protectionism.
