Tag: trade war

trade war

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LG Group Chairman Koo Kwang-mo, second from left in the front row, visits LG Electronics' Noida manufacturing plant in New Delhi, India, to observe the air conditioner production process in this photo provided on March 4. [LG]

India ready to replace China as world's workshop, but hurdles remain

With the world’s largest population and rapidly growing economy amid the escalating U.S.-China tariff war, India is poised to benefit as a manufacturing alternative to China — if it can overcome its infrastructure and regulatory hurdles.

2025.4.24

A cargo ship carrying containers approaches the Yantian port in Shenzhen, China, on April 17. [REUTERS/YONHAP]

For Korean shipyards, U.S. port fees could be sea of opportunity, or stormy waters

Korean shipbuilders are hoping that U.S. port fees targeting China could drive orders their way, but experts warn that Washington's move simply risks shrinking the market.

2025.4.18

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A screen in Hana Bank's trading room in central Seoul shows the Kospi closing at 2,293.70 points on April 9, down 40.53 points, or 1.74 percent, from the previous trading session. The won closed at 1,484.1 against the dollar in onshore trading, up 10.9 won from the previous session — its weakest finish in 16 years since March 12, 2009. [YONHAP]

Won breaks 1,480 against dollar as U.S.-China currency war escalates

Korea's won plunged as U.S.-China trade tensions escalated, raising concerns about economic stability and increasing market volatility.

2025.4.9

Apple retail employees and customers celebrate the opening of Apple Hongdae in Mapo District, western Seoul on Jan. 20, 2024. Apple Hongdae is the U.S. tech company's seventh retail store in Korea. [YONHAP]

Trump says Korea is freeloading off the U.S. Data shows the opposite is true.

U.S.-listed companies operating in Korea face accusations of avoiding taxes and neglecting to hire locally.

2025.3.4

Lee Jae-myung, center, leader of the liberal Democratic Party (DP), speaks during a Supreme Council meeting at the National Assembly in Yeouido, western Seoul, on Feb. 3. [YONHAP]

DP chief calls for special committee to address Trump tariffs as fear of global trade war grows

Liberal Democratic Party leader Lee Jae-myung on Monday suggested creating a parliamentary special committee to address U.S. President Donald Trump's sweeping tariff plan amid concerns over a global trade war.

2025.2.3

Hanwha Ocean's shipyard in Geoje, South Gyeongsang Province [HANWHA OCEAN]

China's travails in U.S. boost Korean shipbuilding, shipping shares

Korea’s shipbuilding and shipping stocks traded strong for a second day in a row on Friday as the sector emerges as the latest battleground between the world’s two largest economies.

2024.3.15

Korea caught in the superpower squeeze

The rising military and technology rivalry between the United States and China is putting to test South Korea’s balancing ability.

2022.10.23

Finance Minister Choo Kyung-ho in a government meeting discussing IPEF at the government complex in Seoul on Friday. [YONHAP]

Korea will join IPEF on its own terms: Finance Minister Choo

Ahead of the inaugural meeting of the Indo-Pacific Economic Framework (IPEF) in the United States next month, Korea is staking out its strategy and getting its plan in order.

2022.8.21

Export ships docked at a port in Busan. The global trade order has been changing rapidly, leaving Korea, which relies on trade, vulnerable. [YONHAP]

As globalization ends, RCEP will help maintain trade order

Korea is sailing into uncharted waters as three decades of globalization comes to an end and a new era of trade blocs begins in the context of a new Cold War. RCEP is seen cushioning the blow of global economic shifts.

2022.5.23

Still fighting amid a crisis (KOR)

When two waves meet, a pyramid-like shape is formed. The wave column can grow up to two to three times bigger to create a menacing form. If these waves are caused by a typhoon, they can immediately sink a boat.

2022.5.3