Korea Joongang Daily
Korea JoongAng Daily

Industry Ministry and businesses plan for export challenges under Trump’s second term

The Ministry of Trade, Industry and Energy on Wednesday sought to devise strategies to address uncertainty in exports to the United States following the launch of the second Donald Trump administration in a meeting with local businesses.

2025-01-22

A future of AI jackets and body-enhancing suits is getting closer, textile experts say

“Functional clothing” was top of mind at the Korea Federation of Textile Industries' (Kofoti) Textile Fashion and Strategy Forum, a discussion of the fashion-technology trends that company's showcased at this year's annual tech trade show.

2025-01-22

Price peak: Gas breaks $1.30 for first time since 2023

Domestic gas prices in Seoul exceeded 1,800 won ($1.30) per liter for the first time since November 2023.

2025-01-21

Hyundai, Kia vehicle sales in Europe fall 3.9% on-year in 2024

Combined vehicle sales of leading Korean automakers Hyundai Motor and Kia in Europe fell 3.9 percent on-year in 2024, industry data showed Tuesday.

2025-01-21

Hyundai, Kia suppliers raked in $62 billion revenue in 2023

Hyundai and Kia suppliers reported $62 billion in revenue for 2023, surpassing Hyundai's own revenue.

2025-01-21

Auto industry experts call on gov't to revise zero-emission vehicle target

Automotive industry experts on Tuesday urged the government to revise its ambitious target of deploying 4.5 million zero-emission vehicles by 2030, part of the nation's greenhouse gas reduction goals, to align with practical realities.

2025-01-21

Korea, Malaysia enter sixth round of free trade talks

Korea's industry ministry launched the sixth round of FTA negotiations with Malaysia, focusing on 11 sectors.

2025-01-21

Korea to allocate $20.8 billion to R&D in next budget

The government plans to allocate 30 trillion won ($20.8 billion) to R&D next year.

2025-01-21

Court decision blocks Korea Zinc from implementing board voting system

The Seoul Central District Court approved an injunction filed by the MBK Partners-Young Poong coalition aimed at blocking Korea Zinc from implementing a voting system that could favorably aid Chairman Choi Yun-beom.

2025-01-21

Trump vow to 'revoke the EV mandate' sends Hyundai, LG Energy shares tumbling

Shares of Korean EV companies plummeted after President Donald Trump's executive orders targeting EV mandates and subsidies.

2025-01-21