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.
South Korea is aiming to delay the implementation of new U.S. tariffs, prioritising national interest and economic stability amid mounting trade tensions. Finance Minister Choi Sang-mok told parliament that Seoul would push to postpone the tariffs “as much as possible” during negotiations with the U.S., seeking to reduce uncertainty for export-reliant industries.
U.S. President Donald Trump recently imposed sweeping tariffs, including 25% duties on steel, aluminium, and vehicles, hitting South Korea hard. Although a 90-day pause was introduced for some goods, key sectors remain affected. A snap presidential election on 3 June, following the ousting of Yoon Suk Yeol, has added political complexity.
Acting President Han Duck-soo has engaged in discussions with Trump and top U.S. officials, aiming to shape a mutually beneficial trade path. Talks have focused on potential cooperation in shipbuilding and South Korea’s participation in a U.S. gas pipeline project in Alaska.
As Seoul ramps up support for its semiconductor industry with a £23 billion package, concerns linger over Trump’s upcoming tariff announcement on chips. Trade Minister Ahn Duk-geun may travel to Washington next week for further negotiations, underlining Seoul’s diplomatic push to protect its global trade interests.
Uzbekistan and South Korea are deepening their collaboration on railway development as both countries advance plans for a high-speed passenger rail line connecting Tashkent and Samarkand.
Mongolia’s Mineral Resources and Petroleum Authority and the Korea Gas Safety Corporation signed a Memorandum of Understanding on April 29, 2025, to enhance cooperation on flammable gas safety.
South Korea’s Prime Minister and Acting President Han Duck-soo has resigned and announced his presidential bid, pledging to shorten his term to three years in order to pursue constitutional reform and apply his economic expertise to address the ongoing trade crisis.
South Korea has won a landmark $18.2 billion contract to build two nuclear reactors in the Czech Republic—its first overseas nuclear power project in 16 years—signaling a renewed push into Europe's growing energy market.
South Korea’s Supreme Court reinstated election-law charges against liberal frontrunner Lee Jae-myung on Thursday, suddenly jeopardizing his candidacy in June’s snap presidential election.
Start your day informed with AnewZ Morning Brief: here are the top news stories for May 9th , covering the latest developments you need to know.
Each year, Italians gather in Monte di Nese to commemorate a little-known World War II tragedy—the massacre of Azerbaijani soldiers who resisted fascist forces in 1945 and paid with their lives for choosing freedom.
Britain's King Charles has called on the world to work toward lasting peace and preventing future wars during a speech marking the end of four days of events celebrating the 80th anniversary of Victory in Europe (VE) Day.
Before becoming Pope Leo XIV, Cardinal Robert Prevost shared rare insights on faith, unity, and modern challenges in a few candid interviews.
A humanitarian ship carrying 20,000 tons of Ukrainian wheat docked in Samsun, Türkiye, on Thursday, marking a major World Food Program initiative to supply crisis-hit regions, including Syria.
India has fired a series of missiles into Pakistani-controlled territory, in what it has described as “Operation Sindoor”
For the first time in history, an American has been chosen to lead the Catholic Church, as Cardinal Robert Prevost is named pope.
Discover every major VE Day 80 event in Britain, 5‑8 May 2025—from London’s parade and fly‑past to street parties, concerts and museum exhibitions.
Chinese e-commerce platform Temu has announced it will no longer sell goods directly from China to U.S. customers, shifting instead to U.S.-based sellers amid the closure of a long-criticized customs loophole.
Cardinals from 70 nations have gathered in Vatican City to begin the historic conclave to elect the next pope, following the death of Pope Francis 17 days ago. This conclave is the most geographically diverse in Church history, showcasing Francis’ legacy of inclusivity.
Start your day informed with AnewZ Morning Brief: here are the top news stories for May 9th , covering the latest developments you need to know.
Each year, Italians gather in Monte di Nese to commemorate a little-known World War II tragedy—the massacre of Azerbaijani soldiers who resisted fascist forces in 1945 and paid with their lives for choosing freedom.
Britain's King Charles has called on the world to work toward lasting peace and preventing future wars during a speech marking the end of four days of events celebrating the 80th anniversary of Victory in Europe (VE) Day.
Before becoming Pope Leo XIV, Cardinal Robert Prevost shared rare insights on faith, unity, and modern challenges in a few candid interviews.
A humanitarian ship carrying 20,000 tons of Ukrainian wheat docked in Samsun, Türkiye, on Thursday, marking a major World Food Program initiative to supply crisis-hit regions, including Syria.
Start your day informed with AnewZ Morning Brief: here are the top news stories for May 9th , covering the latest developments you need to know.
Each year, Italians gather in Monte di Nese to commemorate a little-known World War II tragedy—the massacre of Azerbaijani soldiers who resisted fascist forces in 1945 and paid with their lives for choosing freedom.
Britain's King Charles has called on the world to work toward lasting peace and preventing future wars during a speech marking the end of four days of events celebrating the 80th anniversary of Victory in Europe (VE) Day.
Before becoming Pope Leo XIV, Cardinal Robert Prevost shared rare insights on faith, unity, and modern challenges in a few candid interviews.
A humanitarian ship carrying 20,000 tons of Ukrainian wheat docked in Samsun, Türkiye, on Thursday, marking a major World Food Program initiative to supply crisis-hit regions, including Syria.
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