Tag: mineral

mineral

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Korea's Finance Minister Koo Yun-cheol, right, and U.S. Treasury Secretary Scott Bessent shake hands at a ministerial meeting held in Washington on Jan. 12. [MINISTRY OF ECONOMY AND FINANCE]

Bessent says Korea’s weak won does not align with its fundamentals

U.S. Treasury Secretary Scott Bessent said that the recent depreciation of Korea's won is not in line with its strong economic fundamentals in a ministerial meeting with Seoul’s Finance Minister Koo Yun-cheol in Washington this week.

2026.1.14

Deputy Prime Minister and Minister of Economy and Finance Koo Yun-cheol departs for Washington via Terminal 2 of Incheon International Airport on Oct. 15, 2025. [YONHAP]

Finance minister highlights importance of critical mineral recycling in supply chain stability

Finance Minister Koo Yun-cheol has emphasized the importance of critical mineral recycling to ensure global supply chain stability at an international gathering of top financial officials, his office said Tuesday.

2026.1.13

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Gov't unveils measures to boost critical mineral recycling amid global supply chain uncertainty

The government on Friday unveiled a plan to promote recycling of critical minerals by easing regulations and expanding financial and tax incentives, as part of its wider goal to stabilize supply chains, the Industry Ministry said.

2025.10.31

Participants pose for a commemorative photo during the small modular reactor (SMR) memorandum of understanding (MOU) signing ceremony held immediately following the Korea-U.S. Business Roundtable in Washington on Aug. 25. From left: Minister of Trade, Industry and Energy Kim Jung-kwan, Doosan Energy Chairman Park Gee-won, Korea Hydro & Nuclear Power President Whang Joo-ho, X-Energy CEO Clay Sell, AWS Energy Policy Manager Ray Fakhoury, and U.S. Secretary of Commerce Howard Lutnick. [DOOSAN ENERBILITY]

Korea and U.S. partner in nuclear power and mineral refining initiatives

K-nuclear power, power equipment and mineral refining companies have emerged as key pillars of Korea-U.S. manufacturing cooperation, joining shipbuilding, semiconductors and automobiles as major players that helped push through tariff negotiations.

2025.8.26

The flag of China is placed next to the elements of Gallium and Germanium on a periodic table, in this picture taken on July 6, 2023. [REUTERS/YONHAP]

Supply chain diversification lags despite Korea's critical mineral challenges

While the United States, China and other major economies scramble to lock down supplies of critical minerals essential to semiconductors, electric vehicles and defense systems, Korea is losing ground — and growing more reliant on China.

2025.7.28

Second Vice Finance Minister Kim Yoon-sang, front left, holds a meeting with Chilean Finance Minister Mario Marcel Cullell in Chile on March 28. [YONHAP]

Korea, Chile discuss cooperation on core minerals in Santiago

Second Vice Finance Minister Kim Yoon-sang has met with Chilean Finance Minister Mario Marcel Cullell to discuss bilateral cooperation on core minerals, Korea's finance ministry said Monday.

2025.3.31

Acting President Choi Sang-mok inspects a production facility of SungEel HiTech in Gunsan, North Jeolla, on March 21. [JOINT PRESS CORPS]

Gov't to review support for critical minerals recycling industry

The government will work to devise support measures for the critical minerals recycling industry as part of efforts to stabilize the supply chain for advanced industries, acting President Choi Sang-mok announced.

2025.3.21

Korean and Australian government and business officials hold a business forum on key minerals in Seoul, on Oct. 12, 2022 [MINISTRY OF TRADE, INDUSTRY AND ENERGY]

Korea, Western Australia agree to boost ties on energy, key minerals

Korea and Western Australia agreed Monday to strengthen their cooperation on key minerals, hydrogen and other energy fields, Seoul's industry ministry said.

2023.1.30

Export-Import Bank of Korea (Eximbank Korea) CEO Bang Moon-kyu, middle, and Anthea Mckinnell, Santos CFO, second from right, pose at Santos's Sydney office on April 8. [EXIMBANK KOREA]

Eximbank CEO does road tour Down Under

Export-Import Bank of Korea (Eximbank Korea) CEO Bang Moon-kyu paid a three-day visit to Australia to discuss cooperation with energy and infrastructure companies.

2022.4.10