Latest news with #YeoHanKoo
Free Malaysia Today
2 days ago
- Business
- Free Malaysia Today
South Korea appoints ex-trade chief Yeo Han-koo as new trade minister
Yeo Han-koo was the trade chief between August 2021 and early 2022 during left-leaning president Moon Jae-in's administration. (EPA Images pic) SEOUL : South Korea appointed former chief trade envoy Yeo Han-koo as its top trade negotiator, the president's office said today, as Asia's fourth largest economy prepares for negotiations with Washington to reduce the tariffs. The US imposed 25% levies on South Korea on April 2, one of the highest tariffs for a US ally, though they have been suspended until early July. Cutting tariffs is a top policy priority for South Korea's new President Lee Jae-myung after a leadership vacuum in recent months helped delay talks between Seoul and Washington. The president also appointed statistics agency chief Lee Hyoung-il as first vice finance minister to lead the ministry until a finance minister is formally appointed, Lee's spokesman Kang Yu-jung said. Sectoral tariffs have hurt South Korea's key industries, including cars, aluminium and steel. Yeo was the trade chief between August 2021 and early 2022 during left-leaning president Moon Jae-in's administration and was involved in Korea-US talks under the first Trump administration. While serving as commercial attache at the Korean Embassy in Washington, he was involved in amendment negotiations of the Korea-US Free Trade Agreement and Section 232 steel negotiations in 2017. For the past two years Yeo has been a senior fellow at the Peterson Institute for International Economics.
Bloomberg
2 days ago
- Business
- Bloomberg
South Korea Appoints Yeo as Trade Minister to Lead Talks With US
South Korean President Lee Jae-myung appointed Yeo Han-koo, a seasoned trade negotiator, as the new trade minister to guide the country through ongoing tariff talks with the US. Currently a senior fellow at the Peterson Institute for International Economics in Washington, Yeo previously served as South Korea's trade minister in 2022 during the final year of the Moon Jae-in administration. With 30 years of public service, Yeo holds an MBA from Harvard Business School.
Reuters
2 days ago
- Business
- Reuters
South Korea appoints ex-trade chief Yeo Han-koo as new trade minister
SEOUL, June 10 (Reuters) - South Korea appointed former chief trade envoy Yeo Han-koo as its top trade negotiator, the president's office said on Tuesday, as Asia's fourth largest economy prepares for negotiations with Washington to reduce the tariffs. The U.S. imposed 25% levies on South Korea on April 2, one of the highest tariffs for a U.S. ally, though they have been suspended until early July. Cutting tariffs is a top policy priority for South Korea's new President Lee Jae-myung after a leadership vacuum in recent months helped delay talks between Seoul and Washington. The president also appointed statistics agency chief Lee Hyoung-il as first vice finance minister to lead the ministry until a finance minister is formally appointed, Lee's spokesperson Kang Yu-jung said. Sectoral tariffs have hurt South Korea's key industries including cars, aluminium and steel. Yeo was trade chief between August 2021 and early 2022 during left-leaning President Moon Jae-in's administration and was involved in Korea-U.S. talks under the first Trump administration. While serving as commercial attache at the Korean Embassy in Washington, he was involved in amendment negotiations of the Korea-U.S. Free Trade Agreement and Section 232 steel negotiations in 2017. For the past two years Yeo has been a senior fellow at the Peterson Institute for International Economics.
