Latest Federation of Korean Industries News & Updates

South Korea’s Business Sentiment Turns Positive for March After Four Years

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Seoul, Feb 24 (IANS) South Korea’s business sentiment turned positive for March, marking the first rebound in four years, due to the country’s robust exports of chips and automobiles, a poll showed on Tuesday.The business survey index (BSI) of the country’s top 600 companies by sales stood at 102.7 for next month, according to the monthly poll by the Federation of Korean Industries (FKI), reports Yonhap news agency.A reading below 100 means pessimists outnumber optimists, while a figure above th…

South Korean and Brazilian Business Communities Discuss Cooperation at Forum

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Seoul, Feb 23 (IANS) South Korean and Brazilian business communities on Monday proposed measures to strengthen cooperation in strategic areas, including advanced manufacturing and key minerals, at a bilateral business forum held in Seoul, industry officials said.The Federation of Korean Industries (FKI) and the Brazilian Trade and Investment Promotion Agency presented such proposals at the Korea-Brazil Business Forum, held on the occasion of Brazilian President Luiz Inacio Lula da Silva’s three-…

US Supreme Court’s Decision on Tariffs Creates Uncertainty for South Korea’s Trade Outlook

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Seoul, Feb 21 (IANS) The US Supreme Court’s decision to strike down President Donald Trump’s emergency “reciprocal” tariffs has raised fresh uncertainty for South Korea’s trade outlook, according to experts on Saturday, though major Korean companies are unlikely to make abrupt changes to their U.S. investment strategies.The U.S. court ruled against Trump’s use of the 1977 International Emergency Economic Powers Act (IEEPA) to justify the reciprocal tariffs and other IEEPA duties, prompting quest…

South Korea Urged to Boost AI Competitiveness Through Investments

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Seoul, Dec 29 (IANS) South Korea must move fast to secure global competitiveness in artificial intelligence (AI) through aggressive investments in 2026, the country’s leading business lobbies said on Monday, highlighting AI as a key growth sector for the nation.”In order to secure global-level competitiveness in the AI and green transformation sectors, it is essential to build the capability to pursue major investment projects swiftly,” Chey Tae-won, chairman of the Korea Chamber of Commerce and…