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K-Beauty Braces for U.S. Tariffs, Impact Seen as Manageable

K-Beauty Braces for U.S. Tariffs, Impact Seen as Manageable

(Photo=Pixabay) South Korea’s K-Beauty industry, known for affordable yet high-quality cosmetics, is adjusting strategies after the U.S. imposed a 15% tariff on Korean cosmetics exports—lower than the initially proposed 25%, easing fears of a worst-case scenario. The tariff, part of the Trump administration’s reciprocal trade measures, took effect on August 7 following months of negotiations. Korean cosmetics had faced a

Aug 11 2025
09:00 AM PDT
South Korea, OECD to Host High-Level Nuclear Expansion Conference in Paris This September

South Korea, OECD to Host High-Level Nuclear Expansion Conference in Paris This September

Photo=NEA The South Korean government will co-host a high-level conference with the Organisation for Economic Co-operation and Development (OECD) aimed at accelerating the construction of new nuclear power plants. The event comes as many countries abandon anti-nuclear policies and commit to nuclear expansion—a trend Seoul views as an opportunity to boost its nuclear exports. Analysts say the move underscores the

Aug 10 2025
11:00 AM PDT
HMM Orders $1.2 Billion in Large Container Ships from HD Hyundai, Hanwha Ocean, and Samsung Heavy Industries

HMM Orders $1.2 Billion in Large Container Ships from HD Hyundai, Hanwha Ocean, and Samsung Heavy Industries

Photo=HMM HMM is moving forward with plans to order up to twelve 13,000-TEU container ships in a deal valued at about $1.2 billion. The order is part of the company’s previously announced fleet expansion strategy, with negotiations underway with three major South Korean shipbuilders According to TradeWinds and Portnews, HMM intends to build 13,000-TEU liquefied natural gas (LNG) dual-fuel container

Aug 9 2025
11:00 AM PDT
Samsung-Backed C2N Expands Alzheimer’s Blood Test Services to Over Seven Countries

Samsung-Backed C2N Expands Alzheimer’s Blood Test Services to Over Seven Countries

(Photo=C2N) C2N Diagnostics, a diagnostics company specializing in blood tests for Alzheimer’s disease, is expanding its services to more than seven countries, backed in part by a $10 million investment from South Korea’s Samsung Group, a global conglomerate with businesses spanning electronics, construction, and biotechnology. The company announced on August 7 that it has partnered with six global healthcare providers:

Aug 8 2025
09:00 AM PDT
POSCO E&C Faces Possible License Revocation Following Deadly Accidents; South Korean Government Considers Sanctions

POSCO E&C Faces Possible License Revocation Following Deadly Accidents; South Korean Government Considers Sanctions

South Korean President Lee Jae-myung on Tuesday ordered officials to consider the harshest legal actions against POSCO Engineering & Construction (POSCO E&C) following a series of fatal workplace accidents. The measures under review include revoking the company’s construction license and banning it from public contracts. The directive has sent shockwaves through South Korea’s construction sector, with industry leaders bracing for

Aug 7 2025
12:00 PM PDT