Korea Joongang Daily
Korea JoongAng Daily

Gov’t may use emergency arbitration powers if Samsung strike occurs: Industry minister

Industry Minister Kim Jung-kwan warned Thursday that the government may force management and labor at Samsung Electronics into emergency arbitration if a planned strike at the company goes ahead.

2026-05-14

Korean industry minister meets Lutnick for investment projects, shipbuilding talks

Industry Minister Kim Jung-kwan has met with U.S. Commerce Secretary Howard Lutnick and other senior U.S. officials to discuss strategic investment projects and ways to enhance bilateral cooperation in energy, shipbuilding and other key sectors.

2026-05-10

Industry minister assures stable oil supply despite Straight of Hormuz blockage

Korea will be able to manage crude oil supply for the time being without releasing government stockpiles, according to Industry Minister Kim Jung-kwan, who noted that supply remains relatively stable despite uncertainties stemming from the Iran war.

2026-04-12

Industry minister inspects gas station suspected of excessive price hike, vows stern response

Industry Minister Kim Jung-kwan vowed on Monday to respond sternly to gas stations that excessively hike fuel prices — despite a price cap system in place — after spot-checking a gas station suspected of unfair market practices, Kim's office said.

2026-03-30

Gov't urges oil refiners to refrain from excessive price hikes amid Middle East crisis

Industry Minister Kim Jung-kwan on Monday called on major oil refiners to refrain from excessively raising prices amid a recent surge in international crude oil prices due to the ongoing Middle East situation, his office said.

2026-03-09

A fading threat?

Industry Minister Kim Jung-kwan said there will be ″no hike in tariffs″ if Korea's bill for U.S. investment passes at Incheon International Airport on March 8, after returning from negotiations with the Donald Trump administration.

2026-03-08

DP foot-dragging on investment bill spurred White House tariff threat, sources say

The White House's recent announcement of a tariff hike on Korea despite Seoul's best efforts has been attributed to the Democratic Party's (DP) failure to act on the special act on the tariff-tied U.S. investment in a timely manner, sources said.

2026-02-03

Industry minister promotes Korea's sub capabilities in meeting with Canadian counterpart

Industry Minister Kim Jung-kwan stressed the technological and security strengths of Korean submarines in a meeting with his Canadian counterpart Monday, as they discussed ways to enhance bilateral cooperation in advanced industries.

2025-11-24

Korea, Qatar discuss cooperation in energy supply chains, construction, shipbuilding

Industry Minister Kim Jung-kwan met with Qatar's energy minister in Seoul on Wednesday to discuss bilateral cooperation in energy supply chains, plant construction and shipbuilding.

2025-11-12

Korea-U.S. trade negotiations show some progress, but 'not at final stage'

Presidential director of national policy Kim Yong-beom said there was “some progress” in trade negotiations with U.S. Commerce Secretary Howard Lutnick on Wednesday, but added that the talks were “not at the final stage.”

2025-10-23