U.S. President Donald Trump’s announcement Saturday that he plans to raise global tariffs to 15 percent has once again thrown domestic export-driven industries into uncertainty.
The U.S. military stationed in South Korea has conducted a "steel rain" live-fire drill with new multiple rocket launchers, according to the Eighth Army on Tuesday.
Hyundai Steel is transitioning its Dangjin Integrated Steelworks plant into a smart factory with the adoption of robots in the inspection and packaging stage.
Korea's trade minister has expressed concern over Ottawa's plan to implement stronger safeguard measures for its steel industry, warning the decision could adversely affect businesses in both countries, Seoul's ministry said on Sunday.
The Supreme Court on Thursday upheld a lower court ruling ordering Nippon Steel to pay compensation to the family of a late Korean forced into wartime labor during Japan's 1910-1945 colonial rule.
Trade Minister Yeo Han-koo held talks with his Canadian counterpart on Thursday to deliver concerns over Ottawa's plan to implement stronger safeguard measures for its steel industry, which could affect exports of Korean products, officials said.
Korea and Vietnam were set to hold the 10th meeting of their joint trade remedy committee Tuesday to discuss pending trade issues between the two countries, including the latter's restrictions on Korean steel products, Seoul's industry ministry said.
Steel Cycle, a zinc extraction subsidiary of Korea Zinc, won an award from the Ministry of Climate, Energy and Environment for its role in effective waste management.
Vice Trade Minister Park Jung-sung expressed regret Monday over Canada's recent announcement of stronger steel safeguard measures, calling for a swift withdrawal of the plan that he said may place an additional burden on Korea's steel industry.
The government on Thursday designated the southern city of Gwangyang as a special crisis-response zone, as its steel-dependent economy faces mounting strain from global oversupply and intensifying trade protectionism, the industry ministry said.
Korea JoongAng Daily Sitemap
