Author: Seoul Reporter

[ad_1] Reporters increase their palms as President Donald Trump speaks throughout a press briefing on the White Home in Washington, Jan. 20. AP-YonhapWASHINGTON — A White Home official mentioned Tuesday that South Korea has made “no progress” on fulfilling its finish of a bilateral commerce deal though U.S. President Donald Trump lowered tariffs on the Asian nation.The official made the remarks a day after Trump mentioned he’s growing “reciprocal” tariffs and auto duties on South Korea, amongst others, to 25 % from 15 %, taking difficulty with a delay within the Asian nation’s legislative procedures supporting the implementation of the…

[ad_1] A view of the Darwin LNG terminal close to SK Innovation E&S’ Barossa gasoline subject (Picture courtesy of SK Innovation E&S) SK Innovation E&S has commenced full-scale pure gasoline manufacturing from Australia’s Barossa gasoline subject, efficiently finishing the primary LNG cargo cargo. This marks the fruition of 14 years of steady abroad useful resource improvement efforts since becoming a member of the mission in 2012. SK Innovation E&S introduced on Jan. 27 that pure gasoline produced from Australia’s Barossa gasoline subject was transported to the Darwin LNG terminal and the primary LNG cargo cargo was accomplished. The Barossa…

[ad_1] U.S. President Donald Trump (Reuters) U.S. President Donald Trump has declared a shock enhance in tariffs on main gadgets together with Korean cars from the prevailing 15% to 25%. Trump wrote on his social media Reality Social on jan. 26 (native time), “As a result of the Korean Legislature hasn’t enacted our Historic Commerce Settlement, which is their prerogative, I’m hereby rising South Korean TARIFFS on Autos, Lumber, Pharma, and all different Reciprocal TARIFFS from 15% to 25%.” The trigger of this case lies in Korea’s failure to enact laws to implement the tariff settlement concluded between the 2 nations final…

[ad_1] President Donald Trump factors as he boards Air Drive One for a visit to Detroit on Jan. 13 in Joint Base Andrews, Md. AP-YonhapWASHINGTON — U.S. President Donald Trump’s revived tariff risk in opposition to South Korea may very well be a negotiating tactic to realize extra concessions from the Asian ally, and raises questions over Washington’s dedication to the phrases of a bilateral commerce deal, consultants stated Tuesday.Additionally they identified the necessity for Seoul to reply “calmly” to Trump’s tariff announcement in order to maintain the hard-fought commerce deal on observe, advising it to not rush in future…

[ad_1] The Golden Bat Statue in Hampyeong County, South Jeolla Province (Captured from MBN) As home gold costs opened the period of 1 million received per don (3.75 grams) and reached document highs, the “Golden Bat Statue” in Hampyeong County, South Jeolla Province, which is made with 162kg of pure gold, is as soon as once more drawing consideration. In keeping with the county and the Korea Gold Change on Jan. 27, the worth of pure gold per don recorded 1,034,000 received as of the day past, breaking the all-time excessive. Home gold costs have…

[ad_1] Flags raised forward of Coupang’s IPO in entrance of the New York Inventory Alternate constructing on Mar. 11, 2021. YonhapSEATTLE — The Trump administration’s choice to lift tariffs on South Korean items is being forged by senior Republicans as a retaliatory response to Seoul’s dealing with of Coupang, underscoring how regulatory disputes involving U.S. corporations are more and more spilling into commerce coverage.The remark got here from the official X account of Home Judiciary Republicans, chaired by Rep. Jim Jordan, which stated Tuesday that “that is what occurs if you unfairly goal American corporations like Coupang,” following the tariff…

[ad_1] Coupang CI (Picture courtesy of Coupang) The entire annual quantity spent by customers buying on Coupang final yr reached an all-time excessive, information confirmed. In line with Wiseapp Retail Items, a market and competitor evaluation options service based mostly on real-time app utilization and cost information, Coupang’s estimated cost quantity totaled 66.21 trillion gained (roughly $45.74 billion) final yr, based mostly on a pattern evaluation of South Korean credit score and debit card transactions. The determine marked a 13 % improve from 58.71 trillion gained in 2024, the best degree within the firm’s historical…

[ad_1] Chey Tae-won, chairman of the Korea Chamber of Commerce and Trade (KCCI), delivers opening remarks on the 2026 New Yr’s assembly of the enterprise neighborhood held on the KCCI constructing in Jung-gu, Seoul, on Jan. 2, 2026. (Picture pool) Chey Tae-won, chairman of SK Group, has redefined SK Hynix as a man-made intelligence infrastructure supplier, forecasting that the corporate’s market capitalization might attain 700 trillion received (roughly $483.56 billion) by 2030 and ultimately hit 2,000 trillion received over the long run. Chey’s evaluation stems from the assumption that high-bandwidth reminiscence, or HBM, the place…

[ad_1] President Lee Jae Myung of South Korea. (Yonhap) The Blue Home mentioned it was planning on holding a gathering concerning the shock announcement by US President Donald Trump that he could be elevating tariffs on Korean exports from 15% to 25%, including that it deliberate to debate the matter with US Commerce Secretary Howard Lutnick. The Ministry of Financial system and Finance additionally mentioned it was “trying into” what prompted the announcement. “US President Donald Trump posted an announcement on Fact Social that reciprocal tariffs and tariffs on cars and auto parts shall be raised from 15% to 25% in response…

[ad_1] The fifth navy reconnaissance satellite tv for pc, whose prototype was produced by KAI, is launched from Cape Canaveral House Power Station in Florida, USA on Nov. 2, 2025 (native time), utilizing SpaceX’s Falcon 9 launch car. (Photograph courtesy of KAI) The Korea AeroSpace Administration (KASA) introduced on Jan. 27 that it dispatched a public-private delegation to america, led by Deputy Administrator Noh Kyung-won, to strengthen the worldwide competitiveness of home area corporations and assist their entry into the U.S. market. The general public-private delegation, composed of officers from 14 area corporations in launch automobiles, satellites, and…