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[Photo News] Hanwha Ocean's safety challenge
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Korea Herald
2 hours ago
- Korea Herald
Seoul's top trade envoy set to visit US for 'mutually beneficial' trade talks
South Korea will work to establish a new "mutually beneficial" strategic partnership with the United States through bilateral trade negotiations, Seoul's chief trade negotiator said Friday, as he departed for Washington for tariff talks ahead of the expiration of a 90-day pause on US reciprocal tariffs. "Based on the progress made in the consultations so far, we will do our utmost to ensure that Korean companies are not placed at a disadvantage compared to other countries with the imposition of reciprocal tariffs," Trade Minister Yeo Han-koo said at Incheon International Airport, just west of Seoul. "We will use this tariff negotiation as an opportunity to establish a new framework for a mutually beneficial strategic partnership between South Korea and the US," he added. During his trip to Washington this weekend, Yeo is scheduled to hold talks with US Trade Representative Jamieson Greer and other senior US trade officials to speed up negotiations as the deadline for the resumption of the Donald Trump administration's reciprocal tariffs approaches. The trip comes just a week after Yeo met with his US counterpart in Washington, where he highlighted Seoul's commitment to "good-faith" trade talks with the Trump administration. During this week's visit, the Korean trade chief plans to discuss potential partnership to support a "manufacturing renaissance" in the US and exchange opinions on key trade issues raised by the US, according to the Ministry of Trade, Industry and Energy. During a parliamentary session earlier in the day, Yeo said the US has asked for greater access to South Korea's agriculture, automotive, digital and service markets in recent bilateral trade consultations. The trade minister did not provide further details on Washington's requests, which appeared to reflect issues raised in the USTR's recent report on foreign trade barriers. The USTR report had pointed to a number of non-tariff trade measures by Seoul, including an import ban on American beef from cattle aged 30 months or older, emission-related regulations on imported cars, proposed online platform regulations and restrictions on the export of location-based data. "The government will respond flexibly, taking into consideration the level of demands from the US side, as well as political and security sensitivities in Korea," Yeo said. "Depending on the progress of the negotiations, we will also actively push for extending the suspension of US reciprocal tariffs, if needed," he added, vowing to accelerate trade talks and reach an agreement with the US "at the earliest possible date." The trade consultations between Seoul and Washington have been centered around six areas -- balanced trade, non-tariff measures, economic security, digital trade, the country of origin issue and commercial considerations. South Korea has been seeking to gain a full exemption or reduction from the Trump administration's 25 percent country-specific reciprocal tariffs, as well as sectoral tariffs on steel, automobiles and other imports, by crafting a package deal on tariff and economic cooperation issues by next Tuesday -- when the 90-day pause on the US reciprocal tariffs is set to expire. (Yonhap)
Korea Herald
4 hours ago
- Korea Herald
McLaren launches hybrid supercar Artura Spider in Seoul
UK's premium automaker unveils Korea-themed limited collection Ignition Sphere McLaren unveiled a Korea-inspired limited edition of its hybrid supercar, the Artura Spider, in Seoul on Friday as the UK's premium auto brand officially marked a fresh beginning for its Korean office with a new local dealership partner, Britannia Auto. 'Today marks more than the reopening of McLaren in Seoul,' said Henrik Wilhelmsmeyer, chief commercial officer at McLaren, during the Artura Spider launch ceremony held at Banyan Tree Club & Spa Seoul. 'It marks a renewed commitment to this market, to our owners and to the future of McLaren in Korea. McLaren has always stood for cutting-edge technology, craftsmanship and pure performance. And Korea has always been a market where passion for these values runs deep.' Dubbed a next-generation supercar, the McLaren Artura Spider features a plug-in-hybrid powertrain with a powerful V6 petrol engine that enables the speedster to reach 100 kilometers per hour in just three seconds from standstill, 200 kph in 8.4 seconds and 300 kph in 21.6 seconds. It offers a maximum speed of 330 kph. 'To summarize the Artura Spider, we've got a very bold design, extreme and lightweight engineering and advanced technology making the car so compelling and so capable,' said Daniel Hotchin, regional sales manager at McLaren Automotive. 'But it's really the way that all of these things combine that make it such a complete supercar. From the twin turbo-charged V6 engine combined with the e-motor, the proactive damping control giving such precise and remarkable all-day comfort and, of course, the ability to drop the roof will truly amplify your experience.' McLaren's Seoul-exclusive Artura Spider Ignition Sphere Collection features a Korea-only bespoke exterior color "Midnight Han," a modern blue inspired by Seoul's night and the Korean ethos, according to the premium automaker. The interior seats are Volcano Red, which was intended to pay homage to Korea's traditional royal dynasty. The automaker pointed out that the blue-colored exterior and the red-colored interior combine to illustrate Korean national flag Taegeukgi's harmony, identity and pride. 'This year marks the 10th anniversary of McLaren's entrance into Korea,' said Kwon Hyeok-min, vice chairman of Deutsch Automobile Group and CEO of Britannia Auto. Britannia Auto is a premium dealership subsidiary of Deutsch Automobile Group. 'Based on McLaren's original innovative technology and performance, we will offer distinguished customer experiences in the Korean market. Through classy services and premium ownership programs, we will offer a truly McLaren opportunity to customers.' Along with the brand's relaunch, McLaren renovated its Seoul showroom in the Gangnam district with new models to upgrade it into a customized consulting space. According to Carisyou's data, McLaren sold 44 vehicles in the Korean market last year, up 41.9 percent from 2023.
Korea Herald
5 hours ago
- Korea Herald
New Sejong Institutes to open amid growing demand for Korean language classes
Eleven new institutes in nine countries to open this year Amid surging global interest in Korean language and culture, the King Sejong Institute Foundation, which oversees Korean language education abroad, is expanding its network to ease waitlists and meet growing demand for Korean classes worldwide. This year, 11 new King Sejong Institutes, named after King Sejong the Great (1397-1450), who created the Korean alphabet Hangeul, will open across nine countries, according to the Ministry of Culture, Sports and Tourism on Friday. With the additions there will be a total of 252 institutes in 87 countries. In Egypt, where the only KSI in Cairo faced a waitlist of more than 1,200 students, two new centers will open at Ain Shams University and Alexandria University to accommodate learners eager to study Korean for academic, professional, and cultural reasons. The expansion reflects the growing presence of Korean businesses in Egypt, which has increased local demand for Korean language skills for employment. Uzbekistan, which already hosts seven KSIs, will gain an additional center at Ajou University in Tashkent, responding to rising demand among students preparing for study in Korea and seeking Korean language proficiency for employment opportunities. The country now sends over 12,000 students to Korea each year, the fourth highest after China, Vietnam and Mongolia. In Asia, new KSIs will open in Kuala Lumpur in Malaysia, Dubai in United Arab Emirates, Shenyang in China, Taipei in Taiwan, and Munoz in the Philippines, while Europe's expanding Korean language demand has led to new centers in Bonn in Germany, Turin in Italy, and Miskolc in Hungary. In 2024 alone, a total of 210,374 students studied Korean both online and offline at King Sejong Institutes worldwide. This is a significant increase from 2007, when the first King Sejong Institute opened in Ulaanbaatar, Mongolia, with just 13 centers in three countries opening that year, with 740 students. The ministry said that it planned to gradually expand the number of King Sejong Institutes to more than 350 by 2030 to ensure that Korean language learners worldwide can access classes as demand continues to grow.
