SEOUL, Aug. 17 (Korea Bizwire) — Samsung Electronics reported a decline in first-half revenue from China, citing mounting U.S. sanctions, weakening demand, and intensifying local competition, while sales in the United States grew, buoyed by robust demand from Big Tech firms investing in AI infrastructure. According to the company’s semiannual report released Sunday, Samsung’s exports to [...]
SEOUL, July 24 (Korea Bizwire) — General Motors will continue importing several vehicle models from South Korea despite profit headwinds from tariffs imposed during former U.S. President Donald Trump’s administration, the company said Tuesday. In the company’s second-quarter earnings call, GM CEO Mary Barra emphasized the strong performance of the automaker’s Korean assembly plants, calling [...]
SEOUL, May 20 (Korea Bizwire) — South Korea’s automobile exports to the United States fell sharply in April 2025, as new U.S. tariffs and a temporary slowdown in electric vehicle demand took a toll on the country’s largest export market for cars. According to data released Tuesday by the Ministry of Trade, Industry and Energy, [...]
SEOUL, April 11 (Korea Bizwire) — The government announced plans Friday to inject an additional 9 trillion won (US$6.6 billion) in financing to support exporters facing strong tariffs imposed by U.S. President Donald Trump’s administration and escalating global trade tensions. The decision was made during a meeting of external economic ministers held in Seoul, as [...]