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News
Seoul to Closely Monitor U.S. Semiconductor Tariff Moves
1+ week, 4+ day ago (95+ words) [Economy]: The presidential office says it will closely monitor U.S. moves to impose additional tariffs on semiconductor products and work with Washington to minimize any impact on South Korean companies. An official said Thursday that details of the U.S. semiconductor tariffs have…...
U.S. Weighs 'Targeted, Thoughtful' Tariffs on Semiconductors
1+ week, 4+ day ago (102+ words) [Economy]: U.S. Commerce Secretary Howard Lutnick says the Trump administration is considering tariffs on a broad range of semiconductor products. Speaking to CNBC on the sidelines of a G20 ministerial meeting in North Carolina on Wednesday local time, Lutnick said the tariffs…...
Gov’t Proposes Record Budget for 2027 of 820 Trillion Won
1+ week, 5+ day ago (123+ words) [Economy]: Anchor: The government is proposing a record budget of nearly 600 billion dollars for next year. The crux of the plan focuses on future investments and support for young people. Additionally, part of the increased tax revenue — generated by the…...
China's Jan.-May Supply of Refined Oil to N. Korea Nears 39% of Annual Threshold
2+ week, 2+ day ago (102+ words) [Inter-Korea]: China says it has supplied North Korea with approximately 113-thousand barrels of refined oil between March and May this year. According to documents posted on the website of the UN Security Council's North Korea sanctions committee, China reported supplying…...
US Expands Sanctions on Iran Targeting Countries Doing Business with Iranian Regime
2+ week, 6+ day ago (104+ words) [International]: The United States has announced a new round of sanctions on Iran that would impose secondary sanctions on countries that continue to do business with the Iranian regime. U.S. Secretary of Treasury Scott Bessent said during a press conference on…...
Wage Jobs for Young S. Koreans Shrinks by 76,000 in Q1, Extending Decline
3+ week, 1+ hour ago (124+ words) [Economy]: Wage jobs for South Koreans in their 20s and younger fell by 76-thousand in the first three months of the year, marking 14 consecutive quarters of decline. Meanwhile, the total number of wage-earning jobs stood at 20-point-82 million as of February,…...
Finance Minister: S. Korea, US Discussing Investment Projects; US Keen on Energy
3+ week, 4+ day ago (104+ words) [Economy]: Finance Minister Koo Yun-cheol says the U.S. has shown keen interest in the area of energy in discussions with South Korea on Seoul’s 350 billion dollar investment plan for U.S. industries. Koo made the remark during a luncheon held at the…...
Motif Technologies Out as S. Korea's Sovereign AI Competition Narrows to 3
3+ week, 6+ day ago (100+ words) [Economy]: The government has eliminated AI startup Motif Technologies from its sovereign AI competition, narrowing the high-stake contest to three remaining groups. The Ministry of Science and ICT announced on Tuesday that Upstage, SK Telecom, and LG AI Research has…...
White House: China Evades Tariffs via More than 40 Nations, Including South Korea
1+ mon, 53+ min ago (100+ words) [International]: The White House claims that China has established a “shadow transshipment network” operating through more than 40 countries, including South Korea, to evade high tariffs. The White House Office of Trade and Manufacturing Policy issued a report on Thursday detailing…...
US to Impose 15% Tariff on Polysilicon Derivatives
1+ mon, 1+ week ago (100+ words) [International]: U.S. President Donald Trump has signed a proclamation imposing a 15 percent tariff on derivative products of polysilicon, a critical raw material for semiconductor production. In the presidential proclamation on Thursday, Trump said he'd decided to impose a tariff on imports…...