The Ministry of Trade, Industry and Energy announced on the 26th that it held a meeting of regional export directors, chaired by Director Jeong In-kyo, to review the export situation and risks by region. The ministry plans to continue tariff and non-tariff consultations with the United States while ...
Minister An Duk-geun of the Ministry of Trade, Industry and Energy met with Mike Dunleavy, Governor of Alaska, on the 25th and noted, "I hope that cooperation between Korea and Alaska in various industries and the energy sector will be revitalized." He also requested support and attention from the S...
The government is projected to provide 78 trillion won in tax reductions this year. This amount represents a 9.2% increase over last year's tax reduction forecast. The ratio of tax savings, which is the percentage of taxes that the government will forgo from corporations and individuals out of the t...
U.S. President Donald Trump announced that he would impose item-specific tariffs and reciprocal tariffs on April 2. Meanwhile, the Ministry of Trade, Industry and Energy stated that it would respond after the reciprocal tariffs are imposed. It believes there is a high possibility that South Korea wi...
The number of people who died or went missing due to maritime accidents last year was 164, a 74.5% increase compared to 2023 (94 people). The Ministry of Oceans and Fisheries introduced safety management measures for fishing vessels in May of last year, but the loss of life has increased. According ...
Choi Sang-mok, acting president and deputy prime minister and Minister of Economy and Finance, said on the 23rd that he would provide 50 million won in emergency disaster relief funds for the evacuees and disaster victims affected by the wildfire in Sancheong, Gyeongnam. Choi noted during the third ...
The Korea National Oil Corporation (KNOC) has entered bidding to attract global investment for the deep-sea gas field in the East Sea. KNOC plans to complete the bidding by June 20 and start negotiations with the preferred bidder in July. According to Onbid on the 23rd, the Korea National Oil Corpor...
Experts predict that the manufacturing economy will decline in April. It is expected that both domestic demand and exports will fall next month, leading to a shift to a downward trend for the first time in three months. According to the 'Major Industry Expert Survey Index (PSI) Results' announced by...
As the impeachment ruling date of Prime Minister Han Duck-soo approaches on the 24th, the Prime Minister's Office is calmly awaiting the Constitutional Court's ruling while preparing its response. A Prime Minister's Office official noted on the 23rd, "We are waiting without any preconceived notions...
Last year, the number of dispute mediation cases filed with the Korea Fair Trade Commission (Commission) surpassed 4,000, marking the highest ever recorded. In particular, the number of dispute mediation cases related to online platforms, such as Naver and Coupang, increased by about 45% compared to...
