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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.

Finance

BNK Financial reviews second-half economic outlook, seeks marine industry-focused finance

BNK Financial Group reviewed its outlook for the economy and foreign exchange markets in the second half and discussed the role of financial firms in revitalising the regional economy and marine finance. The group held its BNK Future Vision Forum in Busan with about 100 executives and department heads from affiliates. Presentations covered the FX market outlook, key market variables and the role of finance in regional growth. A former oceans minister urged expanding marine industry-focused finance.

AI & Enterprise

Akamai Korea targets public sector security with zero trust, micro-segmentation

Akamai Korea CEO Lee Kyung-joon (이경준) said the company aims this year to target South Korea’s financial and public-sector security markets and has begun discussions with its global headquarters. He said it is preparing to obtain required certifications, including National Intelligence Service Common Criteria, and will challenge the public market with zero-trust security. Akamai’s strategy centres on Guardicore micro-segmentation and its cloud-based ZTNA solution, EAA.