Industrial Policy
South Korea's first US investment announcement set after June law
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Industry Minister Kim Jung-kwan said specific investment projects in the United States can be discussed after a new law takes effect on June 18. The move aligns with last year's trade agreement committing South Korea to invest $350 billion in the US.
The Punjab Cabinet approved the new Industrial Policy 2026 on Saturday, easing eligibility for subsidies for small and medium industries and allowing women to work night shifts. The policy focuses on employment generation and aims to attract Rs 75,000 crore in investments by 2026.
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The Ministry of Trade, Industry and Energy held a meeting with local industry officials on Thursday to discuss responses to the European Union's new Industrial Accelerator Act aimed at bolstering EU industrial capacity. The bill prioritizes low-carbon EU-made products in public procurement and imposes stricter foreign investment screenings. Korean companies urged the government to mitigate adverse effects and press the EU for relaxations.