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Games & Commerce

Coupang dispute raises risk of U.S. tariff pressure on South Korea

A dispute involving Coupang is raising the possibility that U.S. pressure on South Korea could expand to additional tariffs. CNBC reported that U.S. congressional officials and people around Coupang see potential responses by Congress or the White House if the row drags on. The issue centers on South Korea’s response after a personal data leak case. U.S. politicians have urged a formal probe and tariff review, while both sides dispute the leak’s scale and related actions.

Industry

South Korea says U.S. sets 12.5% \'forced labor\' tariff; next is overproduction

The United States has finalised a 12.5% tariff on South Korean products over forced labor, leaving 2.5 percentage points before a 15% cap set in last year’s trade agreement. The U.S. Trade Representative said the measure, imposed under Section 301, applies across 60 economies and takes effect on July 24. South Korea is in the first group with Japan and Switzerland. Seoul says the U.S. reaffirmed the 15% combined cap as a separate overproduction probe continues.

Industry

Semiconductors, defense, shipbuilding and power equipment to drive South Korean exports in second half

Semiconductors, defense, shipbuilding and power equipment are expected to lead South Korea\'s exports in the second half, with simultaneous strength across the four sectors seen absorbing external shocks despite prolonged Middle East tensions and a surge in Strait of Hormuz shipping rates. The Bank of Korea raised its growth outlook and lifted its inflation forecast, citing strong first-quarter growth and an extended semiconductor cycle. Officials also pointed to broader export gains across industries.