Jae Lee

1 week ago | en.infomaxai.com | Jae Lee

Yeo Han-koo, Trade Minister[Source: Yonhap News Agency file photo](Seoul=Yonhap Infomax) Jae Heon Lee – For the first time since the inauguration of the Lee Jae-myung administration, South Korea and the United States are set to launch high-level trade negotiations. Yeo Han-koo, Trade Minister at the Ministry of Trade, Industry and Energy, has finalized his business trip to the United States.

1 week ago | en.infomaxai.com | Jae Lee

Solar Power Generation Facility[Source: Yonhap News Agency file photo](Seoul=Yonhap Infomax) Jae Heon Lee – The Ministry of Trade, Industry and Energy (MOTIE) has indicated a policy shift toward expanding renewable energy, warning that failure to respond promptly to the global energy transition could undermine South Korea’s industrial competitiveness and exports. The ministry is expected to reflect this stance in the new administration’s policy direction.

1 week ago | en.infomaxai.com | Jae Lee

[Source: Yonhap News Agency file photo][Source: Yonhap News Agency file photo](Seoul=Yonhap Infomax) Jae Heon Lee – Dongkuk Steel Mill Co., a leading South Korean steelmaker, has resolved to secure an additional KRW 100 billion ($72 million) in short-term loans from financial institutions to bolster its operating funds. The company announced on the 19th that its board of directors approved the new borrowing, which represents 5.88% of its equity capital.

1 week ago | bangkokpost.com | Hoe Ee Khor |Jae Lee

The risks posed by the fragmentation of the multilateral trading system transcend mere inefficiencies. Without a coherent, rules-based framework, global value chains will become vulnerable, investment risks will rise, and smaller, trade-dependent economies will be left increasingly exposed to the arbitrariness of bigger nations. More alarming still, fragmentation is heightening geopolitical tensions.

1 week ago | en.infomaxai.com | Jae Lee

[Source: Yonhap News Agency file photo][Source: Yonhap News Agency file photo](Seoul=Yonhap Infomax) Jae Heon Lee – South Korea’s oil and gas reserves are deemed sufficient to last through the end of the year, according to a government assessment. The Ministry of Trade, Industry and Energy (MOTIE) pledged to maintain a robust response to any potential escalation in the Israel-Iran conflict.