South Korea has requested an exemption from the U.S.'s new tariff plans, the Industry Ministry said Saturday.
Last month, U.S. President Donald Trump announced 25% tariffs on steel and aluminum imports, set to take effect on March 12. During a meeting with U.S. Commerce Secretary Howard Lutnick, South Korean Industry Minister Ahn Duk-geun expressed concerns over the tariffs and urged for an exemption, Yonhap News Agency reported.
“South Korea will work to earn the best results from systematic and earnest negotiations with the US on new industry, trade and energy policies based on our experience of successfully responding to the US CHIPS Act and Inflation Reduction Act in the past," Ahn said in a press release, according to the news outlet.
They also discussed strengthening ties in shipbuilding and advanced industries. The U.S. remains a key trade partner for South Korea, which had a $66 billion trade surplus with Washington last year.
South Korean Finance Minister Choi Sang-mok departed for Washington on Tuesday to lead high-level trade negotiations with U.S. officials.
Lee Jae-myung, South Korea's leading presidential candidate, has vowed to eliminate the "Korea Discount" by reforming shareholder laws and boosting market value, aiming to double the stock index and win support from retail investors.
South Korea’s customs agency has uncovered a surge in efforts to falsely label foreign goods—mostly from China—as South Korean exports in an attempt to bypass steep U.S. tariffs introduced by President Donald Trump, officials said Monday.
South Korea’s former President Yoon Suk Yeol, who was ousted from office, appeared at the Seoul Central District Court on Tuesday to attend the second hearing in his ongoing criminal trial, where he faces serious charges of insurrection.
South Korea aims to delay new U.S. tariffs, prioritizing economic stability amid trade tensions. Finance Minister Choi Sang-mok emphasized the importance of reducing uncertainty for export industries, while ongoing talks with the U.S. seek a mutually beneficial resolution.
Nine people are dead and 42 injured after Russian kamikaze drones slammed into the city of Marhanets in Ukraine’s Dnipropetrovsk Oblast early on 23 April, local officials said.
Ukraine is ready to negotiate but not to surrender, Ukraine's Deputy Prime Minister Yuliia Svyrydenko said on Wednesday as details emerged in media reports of a U.S. proposal for a deal which would see Ukraine give up almost all territory currently occupied by Russia.
The chief architect of China's lunar exploration programme has accused Washington of interfering in Beijing's space diplomacy efforts with international partners.
A powerful 6.2 magnitude earthquake struck Istanbul's Silivri district on Wednesday, according to Türkiye’s Disaster and Emergency Management Authority (AFAD).
On April 23, a ceremony for the signing of documents between Azerbaijan and China was held in Beijing, with the participation of Ilham Aliyev, President of the Republic of Azerbaijan, and Xi Jinping, President of the People’s Republic of China.
The Holy Fire ceremony stands as one of Christianity's most enduring and mysterious rituals, drawing thousands of pilgrims to Jerusalem each year.
Pope Francis's relationship with Azerbaijan has evolved significantly over the years, characterized by diplomatic exchanges, promotion of religious tolerance, and peace advocacy in the Caucasus region.
Severe rainfall on April 17 led to flooding and landslides in the Piedmont region, prompting a large-scale emergency response from over 400 firefighters.
China has rolled out the world’s first 10-gigabit (10G) fixed broadband network in Xiong'an New Area, promising ultra-fast speeds and low latency through cutting-edge optical infrastructure.
Pope Francis, the first Latin American pope and a transformative figure in the Roman Catholic Church, has passed away at the age of 88, the Vatican confirmed in a video statement on Monday.
Nine people are dead and 42 injured after Russian kamikaze drones slammed into the city of Marhanets in Ukraine’s Dnipropetrovsk Oblast early on 23 April, local officials said.
Ukraine is ready to negotiate but not to surrender, Ukraine's Deputy Prime Minister Yuliia Svyrydenko said on Wednesday as details emerged in media reports of a U.S. proposal for a deal which would see Ukraine give up almost all territory currently occupied by Russia.
The chief architect of China's lunar exploration programme has accused Washington of interfering in Beijing's space diplomacy efforts with international partners.
On April 23, a ceremony for the signing of documents between Azerbaijan and China was held in Beijing, with the participation of Ilham Aliyev, President of the Republic of Azerbaijan, and Xi Jinping, President of the People’s Republic of China.
Beijing has criticized Washington's pressure tactics, warning that threats and coercion are not conducive to resolving trade tensions between the two countries.
Nine people are dead and 42 injured after Russian kamikaze drones slammed into the city of Marhanets in Ukraine’s Dnipropetrovsk Oblast early on 23 April, local officials said.
Ukraine is ready to negotiate but not to surrender, Ukraine's Deputy Prime Minister Yuliia Svyrydenko said on Wednesday as details emerged in media reports of a U.S. proposal for a deal which would see Ukraine give up almost all territory currently occupied by Russia.
The chief architect of China's lunar exploration programme has accused Washington of interfering in Beijing's space diplomacy efforts with international partners.
A powerful 6.2 magnitude earthquake struck Istanbul's Silivri district on Wednesday, according to Türkiye’s Disaster and Emergency Management Authority (AFAD).
On April 23, a ceremony for the signing of documents between Azerbaijan and China was held in Beijing, with the participation of Ilham Aliyev, President of the Republic of Azerbaijan, and Xi Jinping, President of the People’s Republic of China.
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