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Korea becomes fourth nation to top $100 billion in monthly exports as chip shipments hit record high

The nation also posted a record monthly trade surplus of $36.15 billion, up $27.14 billion from a year earlier and marking the first time the figure surpassed $30 billion.

2026.7.1

Steelmakers want more as 'K-steel Act' takes effect

Korea’s new steel law boosts decarbonization and restructuring, but steelmakers say tax breaks and lower power costs are still missing.

2026.6.18

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Trade Minister Yeo Han-koo speaks during a public-private joint review of international trade of steel products at the Korea Chamber of Commerce and Industry in central Seoul on April 9. [YONHAP]

New U.S. metal tariffs likely to reduce burden on Korean companies, trade minister says

The recent adjustment by the United States of its metal tariffs will likely reduce the overall administrative burden on Korean companies, though the impact may differ by item, Seoul's trade minister, vowing efforts to help firms minimize the burden.

2026.4.9

U.S. President Donald Trump signs an executive order after delivering remarks on reciprocal tariffs during an event in the Rose Garden entitled ″Make America Wealthy Again″ at the White House in Washington on April 2, 2025. [AFP/YONHAP]

Trump gov't announces adjustments to metal tariffs, 100% pharmaceutical duty amid affordability concerns

The administration of U.S. President Trump said Wednesday it will impose 50 percent tariffs on steel, aluminum and copper imports, describing the move as a way to enhance the effectiveness of the tariff measures for the domestic steel industry.

2026.4.3

Steel products await shipment abroad at a port in Pyeongtaek, Gyeonggi, on March 12. [YONHAP]

Korea says Britain's new steel trade measures could violate bilateral FTA, vows active response

Korea's Ministry of Trade, Industry and Resources has expressed concerns over Britain's new protectionist steel trade measure, arguing that the move could potentially violate a bilateral FTA with Korea.

2026.3.20

U.S. President Donald Trump, center, flanked by Secretary of Commerce Howard Lutnick, right, and Solicitor General D. John Sauer, holds a press briefing at the White House, following the Supreme Court's ruling that Trump had exceeded his authority when he imposed tariffs, in Washington on Feb. 20. [REUTERS/YONHAP]

Auto, chip and steel industries brace for Trump's 'Plan B'

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.

2026.2.22

Trade Minister Yeo Han-koo, right, speaks at a meeting with his Canadian counterpart, Maninder Sidhu, at the Republic of South Africa on Oct. 11, in this photo provided by Yeo's office. [MINISTRY OF TRADE, INDUSTRY AND RESOURCES]

Trade minister raises concerns over Canada's steel industry safeguard plan

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.

2025.12.11

The Ministry of Trade, Industry and Resources headquarters in the city of Sejong is pictured in this undated file photo. [YONHAP]

Korea, Vietnam to hold trade remedy meeting, discuss steel import restrictions

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.

2025.12.9

Park Jung-sung, vice trade minister at the Ministry of Trade, Industry and Resources, meets with Alexandra Dostal, senior assistant deputy minister at Canada's Innovation, Science and Economic Development, at the Foreign Ministry reception room at the government complex annex in Jongno District, central Seoul, on Dec. 1. [MINISTRY OF TRADE, INDUSTRY AND RESOURCES]

Vice trade minister expresses regret over Canada's stronger steel safeguard plan

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.

2025.12.1

Steel products are manufactured at a steel mill in Gwangyang, South Jeolla, on Nov. 20, 2019. [YONHAP]

Gwangyang named crisis-response zone as local steel-dependent industry faces oversupply pressure

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.

2025.11.20