Search results for trade surplus
Telecommunications & Media
Ministry silos hobble K-media, calls grow for pan-government national strategy committee
A claim was raised that South Korea urgently needs a pan-government committee to integrate and coordinate scattered media policies to turn K-content’s global achievements into domestic industrial competitiveness. At a National Assembly forum, Kyung Hee University professor Sang-won Lee (이상원) said ministry separation has left no media policy control tower. Participants cited widening gaps in broadcasting and advertising and proposed creating a national strategy committee and establishing a 1 trillion to 2 trillion won fund.
Industry
South Korea technology trade tops $40 billion for first time; exports and imports hit records
South Korea’s technology trade totalled $40.57 billion in 2024, up $1.97 billion from the previous year and passing $40 billion for the first time, the Ministry of Science and ICT said on Thursday. Technology exports rose 4.1 percent to $18.36 billion and technology imports increased 6.0 percent to $22.21 billion, both record highs. The United States was the largest partner, while China posted the biggest surplus.
Industry
U.S. Supreme Court ruling on Trump tariffs nears, raising questions over impact
The U.S. Supreme Court is nearing a final ruling on reciprocal tariffs imposed by the second Trump administration under the International Emergency Economic Powers Act. The decision could determine whether the president can exercise taxing power on national security grounds. South Korea sees the outcome as a major variable, given tariffs already imposed and the risk of further duties. Even if the administration loses, alternative legal routes and tougher protectionist moves are being discussed.
