Trade & Industry
- Canada Vows Retaliation as a 50% US Tariff Tips the Two Neighbors Into a Trade War
Ottawa has pledged countermeasures against Washington's 50 percent tariff, and the US Trade Representative is preparing further action. Here is what escalation
- US-Canada Trade Talks Collapse as 50% Tariff on Canadian Goods Takes Hold
Negotiations between Washington and Ottawa have broken down, and a 50% tariff on Canadian products is now reality — with ripple effects reaching Korean exporter
- S-Oil Targets Next-Year Startup for Shaheen Project Amid Korea's Petrochemical Glut
S-Oil says its Shaheen complex in Ulsan will begin commercial operation next year, a bet that scale and integration can restore Korean petrochemical competitive
- Korea's Industry Minister Vows to Clear Final Hurdles in U.S. Investment Talks
In Washington, Kim Jung-kwan said last-stage disputes over Korea's U.S. investment package will be resolved, calling American demands a push for faster deployme
- Korea's Youth Job Losses Are Shifting Into AI-Exposed White-Collar Sectors
Over half of last month's 190,000-plus drop in young Koreans' employment came from IT and professional services — sectors classified as highly exposed to AI.
- Bill Gates Back in Seoul After a Year, With Small Modular Reactors on the Table
Bill Gates arrived in South Korea on August 13 for talks on SMR cooperation with government officials and business leaders including SK's Chey Tae-won.
- Trump Puts 15% Tariff on Polysilicon Derivatives, Starting a 120-Day Countdown
Trump signed an executive order placing a 15% tariff on polysilicon derivative products, effective in 120 days, to push production of the chip and solar materia
- Chips Carry Korea: July Semiconductor Exports Hold Above $41 Billion
South Korea's semiconductor exports hit $41.0 billion in July, a second straight month above $40 billion, driving over 40% of the country's $98.8 billion total.
- South Korea's July Exports Reach $98.9 Billion, the Second-Highest Month on Record
South Korea shipped $98.9 billion in exports in July, up 62.8% from a year earlier and second only to June's record $102.25 billion.
- Korea and Brazil Forge Rare Earth and Space Cooperation Pact
Presidents Lee and Lula agreed to build joint rare earth and critical mineral supply chains and expand space cooperation, deepening Korea-Brazil ties.
- Naver Bets on an AI Data Center With Nvidia and Brookfield
Naver is teaming with Nvidia and Brookfield on a roughly 14 trillion won AI data center pitched as Asia's largest hub. Here is what has to go right.
- Brent Crude Climbs Past $94 as US-Iran Clash Stokes Supply Fears
Escalating US-Iran military tensions and a Houthi threat to blockade the Red Sea pushed Brent crude to about $94 a barrel, up 3.36% in a single session.
- Korea's First Major US Investment to Center on Energy, Due by Fall
Trade minister Kim Jung-kwan says Korea's first flagship US investment is nearing final terms, focused on energy, with an announcement targeted for August or Se
- Samsung Unfolds Galaxy Z Fold8 in London, Betting Foldables on a Younger Crowd
At Galaxy Unpacked 2026 in London, Samsung revealed the Galaxy Z Fold8 with a flattened crease and a wider foldable lineup aimed at younger buyers.
- Two Chokepoints, One Crisis: Hormuz and the Red Sea Under Simultaneous Threat
What happens if Hormuz and the Red Sea close at once? A look at the oil, LNG and container flows at stake — and why Korea sits at the sharp end.
- Ottogi Raises Prices on 29 Products as Food Costs Climb in Korea
Ottogi lifts prices on 29 grocery items from July 16, with curry up 6.1%, glass noodles 10% and pepper 17%, citing higher raw material costs.
- China Halts Helium Exports, Widening Its Chip-Material Squeeze
China's Commerce Ministry ordered an immediate, temporary ban on helium exports, extending Beijing's control of critical semiconductor inputs beyond rare earths
- Korea Moves to Cut Highway Rest-Stop Coffee to 2,000 Won
The government is overhauling how highway rest stops operate, pushing a 4,800-won coffee down to 2,000 won for travelers.
- Canada Picks Germany's TKMS Over Korea in $43 Billion Submarine Race
Canada has chosen Germany's TKMS over Korea's Hanwha Ocean as preferred builder for its next-generation submarine fleet, a deal worth up to 60 trillion won.
- Korea Picks Gwangju Air Base Site for Honam Semiconductor Cluster
South Korea will build its Honam semiconductor cluster on the Gwangju military airport site, a project press reports peg at 800 trillion won.
