Korea Joongang Daily
Korea JoongAng Daily

Gov't mulls extension of crude swap system with businesses until July

The government is considering extending its crude oil swap system with private firms, introduced to stabilize the domestic fuel supply, until July amid persisting demand from the corporate side.

2026-04-30

U.S. becomes largest naphtha exporter to Korea amid ongoing conflict in Iran

The United States has become the largest exporter of naphtha to Korea following the outbreak of the Iran war, the Ministry of Trade, Industry and Resources said Thursday.

2026-04-30

Industrial output, retail sales, facility investment gain ground in March

Korea's industrial output, retail sales and facility investment all rose from a month earlier in March, official data showed Thursday.

2026-04-30

SK chief calls for infrastructure investment, integration with Japan amid U.S.-China AI competition

Chey Tae-won, chair of the Korea Chamber of Commerce and Industry and chair of SK Group, called for large-scale infrastructure investments and economic integration with Japan as part of a response amid the U.S.-China competition for dominance in AI.

2026-04-28

Industry Ministry initiates public-private dialogue to address global trade security challenges

The industry ministry held an inaugural public-private trade security dialogue on Tuesday with executives from major semiconductor, AI and quantum companies to discuss ways to address myriad global challenges facing these key industries.

2026-04-28

Gov't to offer 300 billon won for projects aimed at fostering AI, green transformation of industrial complexes

The Ministry of Trade, Industry and Resources said Tuesday it will provide a combined 300 billion won ($203.6 million) in support for projects aimed at facilitating the AI and green transformation of industrial complexes.

2026-04-28

Industry minister vows active support to companies reshoring to Korea

Industry Minister Kim Jung-kwan vowed the government's "active" support for companies reshoring to Korea amid global economic uncertainty on Monday.

2026-04-27

Korea holds interagency meeting on defense industry cooperation amid Canada's submarine bid

The government held an interagency meeting Tuesday to assess defense industry partnerships in North America and discuss efforts to help Korean defense companies expand their presence in the region, the Ministry of Foreign Affairs said.

2026-04-21

Industry minister stresses balanced regional development via local industrial growth

Industry Minister Kim Jung-kwan visited the country's central region on Friday and discussed ways to promote balanced regional development by nurturing cutting-edge industries across the country, his office said.

2026-04-19

Korea's medium-term debt outlook shows improvement, says IMF report

Korea's medium-term debt outlook has improved slightly compared with previous projections, an International Monetary Fund (IMF) report said Thursday.

2026-04-16