Korea cuts fuel price ceilings as Middle East tensions ease, crude prices retreat The government lowered caps on gasoline, diesel and kerosene for four weeks starting Saturday while keeping the emergency pricing system in place to help contain inflation. 2026.6.26
S. Korea, Cambodia vow to expand economic ties building on FTA Seoul and Phnom Penh discussed expanding economic cooperation through their free trade pact and development projects as bilateral trade continues to grow. 2026.6.15
Gov't to provide $13.4B to support auto parts makers' R&D, future mobility The Ministry of Trade, Industry and Resources said that nearly 20 trillion won ($13.4 billion) in financial support will be provided to auto parts makers to help finance their research and development, or R&D, and business shifts for future mobility. 2026.5.14
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. 2026.4.28
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. 2026.4.28
![A car carrier transporting vehicles made by Kia Motors, part of Hyundai Motor, Korea's largest automaker, arrives at a port in Pyeongtaek on April 15, 2025. [REUTERS/YONHAP]](https://image.koreajoongangdaily.com/12606686.jpg?imageId=12606686&width=240&height=184&format=webp&format=jpg)
![The Ministry of Trade, Industry and Resources building in Sejong [YONHAP]](https://image.koreajoongangdaily.com/12584650.jpg?imageId=12584650&width=240&height=184&format=webp&format=jpg)
![The nameplate of the Ministry of Trade, Industry and Resources at the government complex in Sejong [YONHAP]](https://image.koreajoongangdaily.com/12552849.jpg?imageId=12552849&width=240&height=184&format=webp&format=jpg)