Protectionism Archives | Be Korea-savvy
Protectionism Puts Korea Inc. in a Fix

Protectionism Puts Korea Inc. in a Fix

SEOUL, Jun. 13 (Korea Bizwire) — Escalating global protectionism, sparked by a Sino-American trade war, has put corporate Korea in a tight spot as it is feared to take a toll on exports, a key growth engine for Asia’s fourth-largest economy, industry sources said Friday. The United States and China, the world’s two largest economies, [...]

Samsung Spends Record Sum on U.S. Lobbying in 2017

Samsung Spends Record Sum on U.S. Lobbying in 2017

SEOUL, Feb. 26 (Korea Bizwire) — South Korea’s top conglomerate Samsung Group spent a record amount lobbying U.S. politicians and officials in 2017 to counter Washington’s growing protectionism and other negatives, market sources said Monday. Last year, the Trump administration stepped up its protectionist policy, and Samsung Electronics Co., the group’s crown jewel, was implicated [...]

South Korean Exports Threatened by Foreign Protectionism

South Korean Exports Threatened by Foreign Protectionism

SEOUL, Jan. 12 (Korea Bizwire) – The number of regulatory measures enacted against South Korean exports is on the rise, menacing the lifeblood of the South Korean economy. According to the Ministry of Foreign Affairs on Friday, regulatory measures such as antidumping tariffs, countervailing duties and safeguards imposed on South Korea exports increased to 189 [...]

Gov’t, Steelmakers Discuss Ways to Tackle U.S. Trade Protectionism

Gov’t, Steelmakers Discuss Ways to Tackle U.S. Trade Protectionism

SEOUL, Dec. 25 (Korea Bizwire) — South Korea’s trade ministry and local steelmakers have discussed ways to cope with the United States’ growing trade protectionism including adjusting steel exports, officials said Monday. The ministry held a meeting with trade experts and local steelmakers, including top player POSCO and its rival Hyundai Steel Co., on Thursday [...]

S. Korea’s Growth Ranking Among OECD Drops 10 Spots

S. Korea’s Growth Ranking Among OECD Drops 10 Spots

SEOUL, Sept. 5 (Korea Bizwire) — South Korea’s economic growth ranking among major advanced and emerging economies plunged 10 spots in the second quarter from three months earlier as its recovery lost ground, data showed Tuesday. Asia’s fourth-largest economy expanded 0.6 percent on-quarter in the April-June period, compared with a 1.1 percent expansion for the [...]

Majority of S. Korean Firms Expect Worse Conditions, Plan to Cut Investment in U.S.

Majority of S. Korean Firms Expect Worse Conditions, Plan to Cut Investment in U.S.

SEOUL, March 13 (Korea Bizwire) – A majority of South Korean businesses in the United States expect additional difficulties down the road due to what many view as protectionist trade policies of the new U.S. administration, a survey showed Monday.  More than 7 out of every 10 respondents said they were already facing difficulties in [...]

Hyundai Motor Group Faces Challenging 2017

Hyundai Motor Group Faces Challenging 2017

SEOUL, Dec. 23 (Korea Bizwire) – Executives from Hyundai Motor Group have expressed concerns for 2017, mainly from the stagnant global automotive industry and a strong comeback from Japanese automakers buoyed by the low Japanese yen.  During a seminar on Thursday outlining the global automotive industry prospects for 2017  hosted at company headquarters in southern [...]

Korean Firms Most Concerned about Protectionism, Policy Vacuum: Survey

Korean Firms Most Concerned about Protectionism, Policy Vacuum: Survey

SEOUL, Dec. 16 (Korea Bizwire) – South Korea’s major conglomerates are most worried about growing protectionism around the globe and an economic policy vacuum following the impeachment of President Park Geun-hye, a survey showed Friday.  In the survey, conducted by Yonhap News Agency on 32 affiliates of the nation’s 30 conglomerates, 16 firms, or 45.7 [...]