The South Korean government announced that the US reaffirmed its commitment to the existing Seoul-Washington tariff agreement, setting reciprocal tariffs at 15%, despite new Section 301 tariffs of 12.5% on 60 trade partners, including South Korea.
A House Judiciary Committee report alleges South Korea has discriminated against U.S. companies, particularly online retailer Coupang, through a "whole-of-government assault." The report details numerous investigations, fines, and threats against Coupang following a 2025 data breach, impacting its market capitalization.
South Korea has formed a task force to identify Middle East reconstruction needs, aiming to boost companies' participation. The government also seeks progress on nuclear cooperation with the U.S. and discussed North Korea with China.
South Korea's Hanwha Ocean is in a final push to win Canada's $39 billion submarine project, aiming to replace the Royal Canadian Navy's aging fleet with 12 new diesel-electric vessels. The KSS-III class submarine is highlighted for its proven operational record.
Coupang's parent company allegedly spent $1.09 million on lobbying in the US, facing accusations of pressuring the Korean government after a massive data breach. Despite US pressure, including a meeting with the Vice President, Korea's Personal Information Protection Commission maintained its principle-based approach to sanctions.
South Korea's government will advance welfare, labor, and financial policies prioritizing citizens' lives and livelihoods, aiming for a "life-saving administration" with strengthened social safety nets and protections against industrial accidents and illegal lending.
South Korea suspects Iran behind May 4 attack on its vessel in the Strait of Hormuz, with low likelihood of another actor; investigation ongoing.
South Korea assesses low likelihood of non-Iranian involvement in May 4 Strait of Hormuz attack on its vessel, citing lack of pirates and ongoing evidence gathering
South Korea suspects Iran behind May 4 attack on its vessel in the Strait of Hormuz, citing low likelihood of other actors; investigation ongoing.
DUBAI, May 9 (Yonhap) -- A South Korean government team continued its investigat...
