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Korean firms urged to invest in Canada to comply with US IRA

The implementation of the U.S. Inflation Reduction Act (IRA) could be a significant opportunity to enhance business partnerships between Korea and Canada, lawyers from both countries said at a forum co-hosted by the Korea Trade-Investment Promotion Agency (KOTRA) and the Canadian Chamber of Commerce in Korea (CanCham Korea), Thursday. The legal experts especially advised carmakers and battery firms here to take advantage of the North American country s rich deposits of critical minerals for electric vehicles (EVs). ....

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Samsung's ESG strategies draw attention from foreign businesspeople

Foreign businesspeople in Korea showed keen interest in Samsung Electronics New Environmental Strategy, which was unveiled a month ago and introduced in detail during a forum hosted jointly on Thursday by the Korea Trade-Investment Promotion Agency (KOTRA) and the Korean-German Chamber of Commerce and Industry. Chung In-hee, vice president of Samsung Electronics Corporate Sustainability Center, lectured on how the tech giant will achieve the goal of net-zero emissions by 2050 through the company s innovative technologies and products. ....

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Ex-trade minister stresses Korea-EU partnership amid US-China tension

A former top trade negotiator for Korea emphasized the importance of the country s strategic partnership with the European Union (EU), amid the paradigm shift in the global trade environment, which has mainly stemmed from the fierce rivalry between the U.S. and China. Yeo Han-koo, a visiting professor at Seoul National University Business School, who served as the minister for trade for nine months until May, said Tuesday that Korea and the EU are “like-minded” partners sharing similar values in the midst of the tension between the U.S. and China, as both of them strongly advocate a multilateral trading system and rules-based international order. ....

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Foreign businesspeople learn new perspective on Korea's economic growth

Foreign businesspeople learn new perspective on Korea s economic growth ....

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