Korea Joongang Daily
Korea JoongAng Daily

Korean steelmakers face tough path on EU's new carbon regulations

Korean steelmakers, already grappling with export hurdles due to U.S.-imposed tariffs, are scrambling to prepare for the European Union’s (EU) Carbon Border Adjustment Mechanism (CBAM), which is set to take full effect in January.

2025-05-12

Trump's first 100 days rattle export-driven Korean economy, highlight urgent need for tariff deal

Trump's tariffs threaten Korea's economy, prompting urgent trade negotiations as exports decline.

2025-04-27

Posco, Hyundai Steel Q1 performance slump on Trump tariffs with rocky Q2 ahead

Korea's steel giants, Posco and Hyundai Steel, faced significant earnings declines due to U.S. tariffs and weakening demand, with ongoing market challenges ahead.

2025-04-25

Steel rivals join hands: Posco invests in Hyundai steel mill in face of tariff risk

Hyundai and Posco signed a memorandum to collaborate on steelmaking and battery materials, alongside joint investment in a Louisiana steel mill for automotive manufacturing.

2025-04-21

How will Hyundai's $6B investment in U.S. play out?

Hyundai Steel's $5.8 billion steel plant in Louisiana announced at the White House faces a series of financial hurdles.

2025-04-16

Hyundai Motor Group appoints ex-congressman as new head of Washington office

Hyundai Motor Group appointed former Republican Rep. Drew Ferguson as the new head of its Washington office, effective May 1, as U.S. President Donald Trump signals a possible delay in imposing tariffs on auto parts.

2025-04-15

Hyundai Steel shuts down rebar plant for first time amid flood of Chinese low-priced steel

Hyundai Steel, Korea's second-biggest steelmaker, on Tuesday shut down its steel reinforcement bar in Incheon amid sluggish demand hit by China's competitively priced products.

2025-04-01

Hyundai Steel shuts down Incheon plant for a month

Hyundai Steel will temporarily shut down its Dong District plant for the month of April.

2025-03-31

Korea to sharpen policy edge to bolster steel sector amid trade barriers, dumping

Seoul will implement policies aimed at bolstering the steel industry in the face of mounting trade barriers in the United States and European Union and waning competitiveness amid the dumping of cheap Chinese steel.

2025-03-19

Protesters demand investigation into worker's death at Hyundai Steel factory

Protesters demand an investigation into the death of a worker at Hyundai Steel's Pohang factory on March 14.

2025-03-18