Seoul, May 11 (IANS) India can serve as a prominent manufacturing and export hub for South Korea amid recent shifts in global supply chains, local experts said on Monday, as Seoul is pushing to deepen its economic ties with the world’s most populous nation.In a meeting with Industry Minister Kim Jung-kwan, experts at major economic research institutes and trade agencies here made the assessment, calling for a detailed strategy to help Korean companies expand their footprint in the Indian market,…
Latest Trade Minister Yeo Han-koo News & Updates
Seoul, April 28 (IANS) South Korea and Singapore officially kicked off negotiations for improving their bilateral free trade agreement (FTA) this week, Seoul’s trade ministry said on Tuesday, amid the two countries’ push to deepen economic ties in the face of global trade uncertainties.The two countries held the first round of FTA improvement negotiations in Singapore, discussing issues in supply chains, the green economy and maintenance, repair and overhaul in the aviation industry, as well as …
Seoul, March 20 (IANS) The Ministry of Trade, Industry and Resources launched on Friday a joint task force with private industries to coordinate responses to the United States’ trade investigations into South Korea over structural excess capacity and forced labour, officials said.Earlier this month, the office of the U.S. Trade Representative (USTR) launched consecutive trade inquiries into South Korea and other major economies to uncover what it calls “unfair” trade practices related to structu…
Washington, Jan 17 (IANS) US President Donald Trump’s administration will seek “separate” semiconductor tariff agreements for “separate countries,” a U.S. official said, after the United States and Taiwan reached a deal on the chip levies this week.”Separate agreements for separate countries,” a U.S. official said, responding to a question from Yonhap News Agency regarding whether the deal with Taiwan would set a standard for chip tariffs or the U.S. would conduct separate negotiations with othe…