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Hyundai, Kia Hail U.S. Tariff Cut as South Korea Finalizes Trade Deal

Hyundai, Kia Hail U.S. Tariff Cut as South Korea Finalizes Trade Deal

SEOUL, Oct. 29 (Korea Bizwire) — South Korea’s auto industry breathed a sigh of relief on Wednesday after the United States agreed to lower tariffs on Korean vehicles, a move that removes a major trade irritant and strengthens a deal underpinning Seoul’s $350 billion investment pledge in the American economy. The announcement followed a summit between [...]

U.S.-Korea Tariff Deal Reached, but Pressure on Seoul Far from Over

U.S.-Korea Tariff Deal Reached, but Pressure on Seoul Far from Over

SEOUL, August 4 (Korea Bizwire) — South Korea’s recent breakthrough trade agreement with the United States—touted as a major diplomatic win—may offer temporary relief on tariffs but leaves the door open for further pressure from Washington on sensitive trade issues, experts warn. The deal, struck on July 30, outlines a sweeping $450 billion investment and [...]