SK Group chairman Chey Tae-won is scheduled to visit Georgia of the United States around May 24 (U.S. local time) to check out the construction site of SK Innovation’s electric vehicle (EV) battery plant.Chey will visit the United States as a member of the business delegation to a Korea-U.S. summit
The Blue House and the Ministry of Trade, Industry and Energy are drawing up a list of entrepreneurs to visit the United States in relation to the May 21 KORUS summit.SK Group chairman Chey Tae-won is expected to discuss investment in the electric vehicle (EV) battery industry and cooperation in the
The U.S. government is planning to hold a video conference on May 20 in order to tackle the ongoing global chip shortage. Intel, Samsung Electronics, TSMC, GM, Ford, Google and Amazon are supposed to attend the conference.The U.S. government held the same conference last month and Samsung Electronic
The Korea Institute for International Economic Policy (KIEP) said in its report on April 13 that the Office of the United States Trade Representative complained about the Telecommunications Business Act amendments of South Korea to block the mandatory in-app payment policies of app market operators
A White House meeting to discuss how to cope with the ongoing global chip shortage is scheduled for April 12. At present, Samsung Electronics is the only non-U.S. company on the open list of invitees.SK Hynix, second-largest in the DRAM market and fifth-largest in the NAND market, is unlikely to joi
The Center for Strategic & International Studies (CSIS) and the Federation of Korean Industries (FKI) hosted an online conference on April 1. There, CSIS Korea Chair Dr. Victor Cha remarked that the presidents of the United States and South Korea need to have an honest talk and South Korea has to ma
South Korean Trade Minister Yoo Myung-hee and U.S. Trade Representative Katherine Tai had their first meeting online last week.Immediately after the first meeting between the Joe Biden administration and the trade authorities of South Korea, they announced that they exchanged opinions on WTO reform,
In the wake of COVID-19, the commodity trade between South Korea and the United States fell for the first time in four years in 2020, the ninth year of the KORUS FTA. In addition, the United States’ investment in South Korea fell for the first time since 2016.The Ministry of Trade, Industry and Ener
Korus Pharm has formed a consortium to produce Russia's Sputnik V COVID-19 vaccine.Korus Pharm signed a memorandum of understanding with seven Korean companies on Feb. 25 to launch the consortium. The seven included Binex, ISU Abxis, Boryung Biopharma, Chong Kun Dang Bio, Quratis, Humedix and An
Tesla has called for the South Korean government to change its low-emission car expansion plan, claiming that the plan discriminates against itself and violates the principle of national treatment of the KORUS FTA.The plan implemented this year is to maintain a certain green car manufacturing ratio
Asiana Airlines announced that it transported Russian COVID-19 vaccines produced in Korea to Moscow using a cargo airplane on Dec. 29. This marked the second time to transport the vaccines following the first shipment on Dec. 25.The vaccines are Sputnik V vaccines developed in Russia. They were prod
Much attention is being paid to how the KORUS alliance and its efforts for the denuclearization of North Korea will change under the Joe Biden administration.South Korean President Moon Jae-in had his first phone conversation with the new U.S. president-elect on Nov. 12, expressing his hope for even
The Federation of Korean Industries recently had an interview with Center for Strategic and International Studies (CSIS) President and CEO John Hamre, Korea Chair Victor Cha and Senior Vice President Matthew Goodman. They pointed out that South Korea needs to make the most of the KORUS alliance in r
U.S. Representative Tom Suozzi’s draft resolution for a stronger Korea-U.S. alliance is scheduled to be handled at a plenary session of the House of Representatives scheduled for Nov. 18. The House Foreign Affairs Committee passed the draft resolution unanimously in March and it is likely to be adop
The Korea Fair Trade Commission (KFTC) has released guidelines on the access to and use of evidence data prior to imposing sanctions on Google.According to the current law, every KFTC investigation subject can access and copy the commission’s evidence data only with the consent of the submitter or o
The South Korean and U.S. governments agreed to beef up their cooperation based on the KORUS FTA with trade environments becoming increasingly volatile due to the spread of COVID-19.The Ministry of Trade, Industry and Energy and the Office of the United States Trade Representative (USTR) held their
The Ministry of Trade, Industry and Energy and the Korea International Trade Association announced on Nov. 3 that South Korea’s trade surplus with the United States fell approximately 6.8 percent on year for the first 10 months of this year after the revised KORUS FTA became effective at the beginni
South Korean Trade, Industry and Energy Minister Sung Yun-mo met with U.S. Commerce Secretary Wilbur Ross in New York on Sept. 24 and requested support for the removal of Japan’s export restrictions against South Korea. The secretary of commerce said that the restrictions are affecting American comp
South Korean oil refining companies imported 14.78 million barrels of crude oil from the United States and 11.03 million barrels of crude oil from Kuwait last month, when the former exceeded the latter for the first time in history. Their crude oil imports from Saudi Arabia added up to 24.7 million
Facebook won a suit against the Korea Communications Commission (KCC) on Aug. 22 and this was because of systemic loopholes. At present, South Korea has no legal grounds to compel global content providers (CPs) to maintain the quality of their communications services or prove the occurrence of user