SEOUL, Dec. 10 (Korea Bizwire) – South Korean electronics manufacturers are closely monitoring potential trade policy shifts as President-elect Donald Trump continues to emphasize the importance of high tariffs on Korean-made washing machines. Industry observers are particularly concerned about Trump’s campaign promise to impose a universal 10-20% tariff on all imports, which could affect the entire range [...]
SEOUL, Dec. 15 (Korea Bizwire) – South Korea has faced increased non-trade barriers raised by foreign countries in the past few years, while such measures around the globe declined, a report said Thursday. According to the report compiled by the Korea Chamber of Commerce and Industry (KCCI), a total of 134 non-tariff measures such as [...]
SEOUL, Sep. 11 (Korea Bizwire) – A proposed free trade agreement between the Republic of Korea and Canada has received a green light from South Korea’s Cabinet council on September 11, making the parties draw one step closer to the full-fledged trade exchange with less or no tariffs between the two countries. Korea’s Cabinet on [...]