South Korea - Latest news GMK Center

This could harm Korean investment in the country, said the deputy minister of trade

The industry welcomed this step, but is disappointed by the exclusion of electricity subsidies from the law

The government allocates 400 billion won to exporters and encourages the transition to green steel

The joint venture envisages a production capacity of 2 million tons per year and strengthening positions in Southeast Asia

The government promises to continue negotiations with Washington on reducing tariffs

The duties will be imposed for a period of four months starting September 1

The industry's green transition relies on manufacturers' own innovations and strong investment resources

A bipartisan bill aimed at helping local steel producers has been introduced in the country

Seoul has committed to investing $350 billion in the US, while Washington has agreed to reduce the threat of tariffs on Korean goods

The Trade Commission has proposed provisional tariffs ranging from 28.16% to 33.57%

The move is also driven by the deterioration in domestic market conditions

Possible partnership is a response to US steel tariffs