Vice Commerce Minister Park Jung-sung speaks throughout a press briefing on the Authorities Complicated Seoul, Could 1. Yonhap
Vice Commerce Minister Park Jung-sung met together with his European Union (EU) counterpart Wednesday and addressed considerations over the EU’s push for stronger metal safeguard measures and battery laws, officers mentioned.
Within the Seoul assembly with Denis Redonnet, director common for commerce and financial safety on the European Fee (EC), Park raised considerations over the EU’s plan to scale back tariff-free quotas on overseas metal by 47 % beginning June 2026, calling for the utmost export quota for Korean steelmakers, in keeping with the Ministry of Commerce, Business and Assets.
Park additionally requested for consistency and predictability within the EU’s push for battery laws, stressing that Korean corporations have made large funding in Hungary, Poland and different European nations to assist the financial system bolster its superior battery manufacturing capabilities and provide chains.
He additionally referred to as for the EU’s “honest” investigation into the Czech Republic’s nuclear energy plant mission, secured by Seoul, stressing that the Korean authorities and corporations haven’t violated any overseas subsidy laws in the course of the bidding course of.
The EC initiated a overseas subsidies regulation investigation into the Czech nuclear power mission in Could to find out if the mission’s winner, the Korea Hydro & Nuclear Energy Co. (KHNP), obtained unfair overseas subsidies, following a grievance from France’s EDF, KHNP’s rival within the bid.
The ministry mentioned Park and Redonnet additionally mentioned methods to reinforce Korea-EU partnership on provide chains and financial safety amid heightened world commerce uncertainties.
The 2 sides plan to carry the inaugural strategic dialogue on commerce, provide chains and know-how within the first half of 2026 to develop the bilateral cooperation right into a extra complete and superior partnership, the ministry added.
