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South Korea - Latest news GMK Center

Photo – The US and South Korea have agreed on a trade deal with a 15% tariff rate
The US and South Korea have agreed on a trade deal with a 15% tariff rate

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

Photo – South Korea considers anti-dumping duties on hot-rolled steel from China and Japan
South Korea considers anti-dumping duties on hot-rolled steel from China and Japan

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

Photo – Hyundai Steel suspends operations of its Pohang plant due to a decline in demand
Hyundai Steel suspends operations of its Pohang plant due to a decline in demand

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

Photo – POSCO considers joining Hyundai Steel project in the US
POSCO considers joining Hyundai Steel project in the US

Possible partnership is a response to US steel tariffs

Photo – Hyundai Steel steps up cost-saving measures amid US tariffs and competition
Hyundai Steel steps up cost-saving measures amid US tariffs and competition

The company has cut executive salaries and is considering a voluntary resignation program for employees

Photo – South Korea imposes provisional duties on heavy plates from China
South Korea imposes provisional duties on heavy plates from China

Temporary anti-dumping duties will come into force after approval by the Ministry of Economy and Finance

Photo – Hyundai Steel expands its low-carbon steel sales network
Hyundai Steel expands its low-carbon steel sales network

This was in response to the global demand for carbon neutrality and the implementation of CBAM

Photo – POSCO invests $381.7 million to modernize blast furnace No. 4 in Pohang
POSCO invests $381.7 million to modernize blast furnace No. 4 in Pohang

The company has already put the unit into operation

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