Foreign Minister Cho Hyun on Saturday chaired an emergency meeting in Seoul, where he confirmed that out of 457 people taken into custody, over 300 were South Koreans, as per Yohnap News.
Maurice Obstfeld, a renowned economist and professor emeritus at the University of California, Berkeley, has expressed concerns over 'uncertainties surrounding' the South Korea-US trade agreement, announced in July 2025, under which South Korean goods will be subject to a 15 per cent tariff,
South Korean Foreign Minister Cho Hyun has said the tariffs being imposed by the United States in the rapidly changing situation in global trade is not unexpected and that his country was able to sort out "the problem" and "make a win-win" through trade negotiations.
South Korean Foreign Minister Cho Hyun has said the tariffs being imposed by the United States in the rapidly changing situation in global trade is not unexpected and that his country was able to sort out "the problem" and "make a win-win" through trade negotiations.
South Korea has urged the United States to grant leniency to its companies in an ongoing probe into imported polysilicon, warning that broad restrictions could hurt both nations' clean energy and semiconductor industries, The Korean Herald reported.
In a post on Truth Social, Trump stated that the United States and Pakistan are currently in the process of selecting the oil company for the partnership.
As the deadline for US-Korea trade negotiations approaches on August 1, Seoul is making all efforts to finalise a tariff agreement with Washington, reports Korea Herald.
Chung Ki-sun, Executive Vice Chairman of HD Hyundai, emphasized the importance of this partnership, saying, "This collaboration marks the beginning of a true maritime alliance -- one that goes beyond talent exchange to sharing technologies and visions between Korea and the US."
South Korea is actively pursuing "China-free" supply chains by strengthening its economic ties and making new investments in the United States. This strategic shift comes amid ongoing trade tensions between the US and China, creating both opportunities and risks for global economies, includi
South Korean exporters are expected to see a 4.9 per cent decline in exports during 2025 on a year-on-year basis, if US President Donald Trump goes ahead with his current tariff policies, revealed a new survey released on Monday, reports the Korean Herald.
The development comes as troops of South Korea and the US began their annual combined drills the 'Freedom Shield' exercise, which was paused after the accidental bombing of a civilian village by fighter jets last week.
In his speech during his visit to North Korea's Ministry of National Defence, the Korean Central News Agency (KCNA) reported on Sunday that Kim referred to a series of new plans for bolstering "all deterrences" and reaffirmed the country's "unshakable policy of more highly developing the nuc