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S. Korea, China industry ministers hold first talks in 4 yrs, discuss supply chains
BusinessKorea Herald5mo ago

S. Korea, China industry ministers hold first talks in 4 yrs, discuss supply chains

Industry ministers of South Korea and China held talks Wednesday to discuss ways to stabilize supply chains amid heightening geopolitical uncertainties and promote bilateral cooperation in advanced industries, Seoul's industry ministry said. South Korean Industry Minister Kim Jung-kwan met with Chinese Minister of Industry and Information Technology Li Lecheng in Beijing to discuss ways to advance the two countries' industrial cooperation in advanced industries, such as semiconductors and batter

Seoul steps up push for Canada submarine contract
PoliticsKorea Herald6mo ago

Seoul steps up push for Canada submarine contract

South Korea’s industry minister pledged deeper industrial cooperation with Canada as Seoul intensifies its push to win a multibillion-dollar submarine contract, highlighting Korean companies’ track record of delivering on investment and job commitments in the country. Industry Minister Kim Jung-kwan met Canadian Industry Minister Melanie Joly on Thursday to discuss potential collaboration tied to Canada’s submarine procurement program, shortly after a South Korean consortium led by Hanwha Ocean

S. Korea, Japan to hold regular policy dialogue on trade, supply chain issues
BusinessKorea Herald5mo ago

S. Korea, Japan to hold regular policy dialogue on trade, supply chain issues

South Korea and Japan agreed Saturday to establish a regular communication channel between their industry ministries to better manage various trade, economic security and supply chain issues, Seoul's industry ministry said. The agreement was made at a meeting between South Korean Industry Minister Kim Jung-kwan and his Japanese counterpart, Ryosei Akazawa, held on the sidelines of the inaugural Indo-Pacific energy security ministerial meeting in Tokyo, according to the Ministry of Trade, Industr

Industry minister heads to Canada to back Seoul's bid for submarine project
BusinessKorea Herald6mo ago

Industry minister heads to Canada to back Seoul's bid for submarine project

Industry Minister Kim Jung-kwan left for Canada on Thursday to lend support for a South Korean consortium's bid to secure Canada's high-profile submarine project. To help the Korean consortium win the estimated 60 trillion-won ($41 billion) project, Kim plans to meet with Canadian Industry Minister Melanie Joly and other government officials, according to the Ministry of Trade, Industry and Resources. Kim is also scheduled to attend the completion ceremony for LG Energy Solution Ltd.'s joint ele

US not likely to hike tariffs if special investment bill passed in parliament: industry minister
BusinessKorea Herald6mo ago

US not likely to hike tariffs if special investment bill passed in parliament: industry minister

Industry Minister Kim Jung-kwan said Sunday he has been told the United States is not likely to hike tariffs on South Korea if the National Assembly passes a special bill on Seoul's $350 billion investment pledge to the US Kim made the remarks at Incheon International Airport, west of Seoul, after visiting the US to meet with Commerce Secretary Howard Lutnick and others to discuss tariff issues and other bilateral trade matters between Seoul and Washington. "At a meeting with Lutnick, I explaine