- In a recently held meeting of economic ministries, the government highlighted industrial sectors such as those producing thick steel plates, steel pipes, and terephthalic acid that urgently need capacity adjustment. Joo Hyung-hwan, Minister of Trade, Industry, and Energy, presided over the meeting o...
The government will review a strong measure to forcibly stop the strike staged by the Hyundai Motor union by exercising the "emergency mediation right." Heads of eight associations representing small- and medium-sized enterprises threatened to undertake a boycott against Hyundai cars if the union me...
The Korean government urged the steel and petrochemical industries to reduce their production capacities, saying that they urgently need to carry out restructuring given the oversupply in thick steel plates and terephthalic acid. In their first response, the industries issued an official statement t...
The escalating conflict between the Chinese and Korean governments over the deployment of the THAAD (Terminal High Altitude Area Defense) anti-missile system in Korea is taking its toll on Korea's investment market. That's because Chinese investors, who were biggest clients in the Korean M&A and re...
Korea's OCI plans to take over Tokuyama’s Malaysian polysilicon operations as part of an effort to strengthen its polysilicon business. The company held a board of directors meeting on September 28 and decided to acquire a 16.5-percent stake in Tokuyama's Malaysian polysilicon plant. The Malaysian...