American building material distributor Ace Hardware filed an official complaint against the South Korean government’s business mediation system, claiming that it is in violation of international investment standards.Ace Hardware is a licensed ordering company in Home Center, South Korean ready-mixed
The European Union is resorting to trade protectionism to protect European steelmakers, which are going through a hard time due to protectionist trade policy of the United States.The EU recently decided to extend its 60.5% anti-dumping tariff on South Korean steel ropes and cables for five years. Th
Korean conglomerates’ cross shareholding practice, which has been used by chaebol owners as a means of securing control over subsidiaries with a tiny stake in them, is likely to disappear in the near future.The Korea Fair Trade Commission (KFTC) announced on April 24 that, among the 57 South Korean
The South Korean government decided not to accede to the Agreement on Trade in Civil Aircraft (TCA) of the World Trade Organization (WTO).Private airlines such as Korean Air Lines have called on the government to join the TCA to get customs duties exemption on imported aircraft parts.In addition, an
Korea's trade surplus in the parts and materials sector reached a record high of US$30.8 billion (32.71 trillion won) in the January-March quarter, according to data released by the Ministry of Trade, Industry and Energy (MOTIE) on April 18.Outbound shipments of parts and materials reached US$74
Korea's ICT exports reached US$19.14 billion in March, the second highest record in history. Semiconductors, computers and peripherals led the boom, while mobile phones and displays were sluggish.The Ministry of Trade, Industry and Energy and the Ministry of Science and ICT announced on April 18
There is a growing concern that the trade war between the United States and China will be reignited. The US Department of Commerce limited Chinese telecommunications equipment maker ZTE’s deals with US companies over the next seven years. In response, China immediately made an antidumping preliminar
The Ministry of Trade, Industry & Energy determined on April 17 that some parts of Samsung Electronics’ work environment reports related to its semiconductor manufacturing facilities constitute South Korea’s national key technology. That day, the Central Administrative Appeals Commission (CAAC) of t